Deep-pocketed crypto investors are suddenly trading over a billion dollars worth of Bitcoin (BTC), Ethereum (ETH), XRP, and Polygon (MATIC) as markets crash.
According to new data from whale survey platform Whale Alert, crypto whales moved $849.1 million from 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% over the past 24 hours.
The whale tracking platform also notes that a large amount of Polygon layer 2 scaling solution was moved by a crypto whale. The deep pocket 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% over the past 24 hours.
According to the whale tracking platform, there were two large transactions of the Ethereum smart contract platform on May 11 for a total of $164.4 million.
Ethereum transactions on Whale Alert’s radar include:
Ethereum is worth $1,813 at the time of writing, up 1% over the past 24 hours.
The whale-tracking platform also notes that high-net-worth traders are trading XRP, the native asset used to operate 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% over the last 24 hours.
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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.
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