Whales Move Above $1,070,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where Crypto Is Headed
Deep-pocketed crypto investors suddenly move more than a billion dollars into Bitcoin (BTC), Ethereum (ETH), XRP and Polygon (MATIC) as markets fall.
According to new data from whale research platform Whale Alert, $849.1 million worth of crypto whales moved off the crypto king over the past two days.
In the largest of BTC transactions, a whale moved 10,000 Bitcoin worth $269.4 million from an unknown wallet to another unknown wallet.
The other Bitcoin transactions on Whale Alert’s radar include:
Bitcoin is trading at $26,771 at the time of writing, down 0.8% in the last 24 hours.
The whale tracking platform also notes that a crypto whale moved a huge amount of layer-2 scaling solution Polygon. The deep-pocketed investor moved 30,000,000 MATIC worth $24.94 million from Polygon Staking to an unknown wallet.
Polygon is trading at $0.862 at the time of writing, up 2.5% in the last 24 hours.
According to the whale tracking platform, there were two large transactions of the smart contract platform Ethereum on May 11 that totaled $164.4 million.
The Ethereum transactions on Whale Alert’s radar include:
Ethereum is worth $1,813 at the time of writing, up 1% in the last 24 hours.
The whale-tracking platform also notes that high-net-worth traders are shifting XRP, the original asset used to power Ripple Labs’ payment platform. A crypto whale moved 50,000,000 XRP, worth $20.95 million at the time, from Ripple to another unknown wallet.
The other XRP transactions on Whale Alert’s radar include:
XRP is worth $0.429 at the time of writing, up 1.9% in the last 24 hours.
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