HomeAltcoinWhales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin from Major...

Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin from Major Crypto Exchange Amid Market Turmoil


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.

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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Featured Image: Shutterstock/KumaSora/Nikelser Kate


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