Crypto whales are trading hundreds of millions of dollars in Bitcoin (BTC) and Dogecoin (DOGE) as markets take a breather.
The Whale Alert blockchain monitoring bot initially detected the large BTC and DOGE transactions in the past day to the tune of $531.71 million.
The largest transfer in the last 24 hours involves a crypto whale relocating 14,159 BTC worth $421.71 million from an unknown wallet to another unknown wallet.
? ? ? ? ? ? ? ? ? ? 14,159 #BTC (421,719,993 USD) transferred from unknown wallet to unknown wallethttps://t.co/dgoE4DOlFq
— Whale Alert (@whale_alert) July 21, 2023
The whale tracking platform shows that the deep-pocketed investor paid less than $3 to make the huge Bitcoin transaction.
another bitcoin whale displaced 1,890 BTC worth $56.54 million from a wallet of unknown origin to the US-based cryptocurrency exchange Coinbase, where it could potentially be sold on the open market.
At the time of writing, Bitcoin is trading at $29,815, a fractional decline on the daily time frame.
Looking at the activities of large Dogecoin holders, Whale Alert finds that an entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to the Robinhood retail trading platform.
Meanwhile, an unknown crypto wallet picked up 117,717,363 DOGE worth $8.58 million from Robinhood.
In a different Dogecoin transaction, a wealthy investor displaced 85,000,000 DOGE worth $6.17 million from a wallet of unknown origin to the Binance cryptocurrency exchange.
The last big movement of Dogecoin in the last 24 hours it implies a crypto whale moving 78,962,318 DOGE from Robinhood to an unknown wallet.
At the time of writing, DOGE is worth $0.70, down more than 4% in the past day.
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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/X-Poser
