Bitcoin, Ethereum And Altcoins See Whopping $749M Transfer — What's Next?

In a recent flurry of activity within the cryptocurrency realm, high-profile investors, commonly termed as "whales," have initiated substantial transfers of digital currencies.

These movements encompass major cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Shiba Inu (SHIB).

According to the Whale Alert data, the whales relocated an impressive $511 million in Bitcoin. A portion of these transfers was channeled to the premier U.S.-based crypto exchange, Coinbase, while the rest took place between anonymous wallets.

Highlighted Bitcoin transactions by Whale Alert include:

• 2,740 BTC, equivalent to $73,055,868 USD, shifted from an undisclosed wallet to Coinbase.
• 2,795 BTC, amounting to $75,029,955 USD, relocated from an undisclosed wallet to Coinbase.
• 2,807 BTC, worth $74,894,150 USD, transferred from an undisclosed wallet to Coinbase.
• 1,000 BTC, valued at $26,872,014 USD, moved from an undisclosed wallet to Coinbase.
• 9,775 BTC, totaling $261,129,772 USD, exchanged hands between undisclosed wallets.
• Also Read: Ex-Morgan Stanley Tech Director Believes Crypto Represents Long-Term Growth Opportunity

  For altcoins, Whale Alert data reveals that affluent traders shifted an estimated $238 million in Ethereum, Shiba Inu and XRP to diverse crypto exchange platforms. Some notable altcoin movements include:

  • 22,017 ETH, equivalent to $34,313,618 USD, directed to Coinbase.
  • 50,000 ETH, valued at $78,307,428 USD, moved to Kraken.
  • 31,200,000 XRP, worth $15,149,324 USD, transferred to Bitstamp.
  • 23,700,000 XRP, amounting to $11,502,941, shifted to Bitso.
  • 4,607,030,677,374 SHIB, equivalent to $31,387,700, exchanged hands between anonymous wallets.

  Now Read: Mysterious Bitcoin Whale Abruptly Moves Over Whopping $134 Million In BTC

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