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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