Crypto whales are shifting hundreds of millions of dollars worth of Bitcoin (BTC) and Dogecoin (DOGE) as the markets take a breather.
Blockchain-tracking bot Whale Alert initially spotted the large BTC and DOGE transactions in the past day to the tune of $531.71 million.
The biggest transfer in the last 24 hours involves a crypto whale relocating 14,159 BTC worth $421.71 million from an unknown wallet to an 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-monitoring platform shows the deep-pocketed investor paid less than $3 to make the immense Bitcoin transaction.
Another Bitcoin whale shifted 1,890 BTC worth $56.54 million from a wallet of unknown origin to US-based crypto exchange Coinbase, where it could potentially be sold on the open market.
At time of writing, Bitcoin is trading for $29,815, a fractional decrease on the daily timeframe.
Looking at the activities of large Dogecoin holders, Whale Alert finds that one entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to the retail-focused trading platform Robinhood.
Meanwhile, an unknown crypto wallet collected 117,717,363 DOGE worth $8.58 million from Robinhood.
In a different Dogecoin transaction, a wealthy investor shifted 85,000,000 DOGE worth $6.17 million from a wallet of unknown origin to the crypto exchange Binance.
The last large Dogecoin movement in the last 24 hours involves a crypto whale relocating 78,962,318 DOGE from Robindhood to an unknown wallet.
At time of writing, DOGE is worth $0.70, down over 4% in the past day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Whales Transfer Over $531,000,000 in Bitcoin and Dogecoin – Here’s Where the Crypto Is Going appeared first on The Daily Hodl.