Whales Move $748,250,909 in Bitcoin and Ethereum in Hours – Here’s Where the Crypto Is Now
Crypto whales are on the move as a new month begins, transferring $748 million worth of Bitcoin (BTC) and Ethereum (ETH) in less than 24 hours.
The whales send crypto-assets both to and from exchanges, where they can potentially be sold on the open market.
The largest single transaction, detected by address tracker Whale Alert in the chain, moved 9,756 BTC worth $231.44 million between two wallets of unknown origin.
? ? ? ? ? ? ? ? ? ? 9,756 #BTC (USD 231,443,140) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) 1 March 2023
The whale paid just $9.18 in transaction fees to transfer millions of dollars worth of crypto.
Another whale shifted 1,999 BTC worth $47.05 million from crypto exchange Gemini to a wallet of unknown origin.
Meanwhile, a third whale transfered 920 BTC worth $21.29 million from an unknown wallet to crypto exchange Bitfinex. That whale paid around $10 to move the Bitcoin trove.
Not to be outdone, Ethereum whales moved 272,978 ETH worth $448.45 million in the last day.
A whale moved 237,979 ETH valued at $390.17 million from a wallet of unknown origin to another wallet of unknown origin. The major crypto holder paid less than $5 in fees.
A second Ethereum whale transfered 34,999 ETH worth $58.28 million from Gemini to an unknown wallet and paid about $3 in transaction fees.
At the time of writing, Bitcoin is trading at $23,514, while ETH is worth $1,649.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Marko Aliaksandr/Sensvector
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