A pair of crypto whales have just moved massive amounts of Bitcoin (BTC) and a competitor Shiba Inu (SHIB) out of a major cryptocurrency exchange as global markets respond to a further rate hike by the Federal Reserve.
According to on-chain data tracked by Whale Alert, an anonymous whale abruptly moved $195,231,414 worth of BTC from the Crypto.com exchange to a non-custodial wallet.
Bitcoin moved in a series of five transactions that occurred in the span of just one minute.
- 1433 BTC worth approximately $39,041,477 transferred from Crypto.com to an unknown wallet.
- 1433 BTC worth approximately $39,041,477 transferred from Crypto.com to an unknown wallet.
- 1433 BTC worth approximately $39,041,477 transferred from Crypto.com to an unknown wallet.
- 1433 BTC worth approximately $39,041,477 transferred from Crypto.com to an unknown wallet.
- 1433 BTC worth approximately $39,041,477 transferred from Crypto.com to an unknown wallet.
Meanwhile, a separate unknown whale moved a staggering amount of the dog-themed Dogelon Mars (ELON) memecoin, sending 84,890,577,207,998 ELON worth approximately $29 million off Crypto.com in a single transaction.
Despite the big moves, blockchain analytics firm Santiment says that overall, Bitcoin whales appear to be holding strong amid volatility, with addresses holding 10-10,000 BTC essentially flat.
BTC is trading at $28,535 at the time of writing, a fractional decline over the past 24 hours, while ELON is trading at $0.000000354433, a 1% drop over the same time period.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/KumaSora/Nikelser Kate
