Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence

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A pair of crypto whales just moved massive amounts of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as global markets respond to an additional rate hike from the Fed.

According to on-chain data tracked by Whale Alert, an anonymous whale abruptly moved $195,231,414 in BTC from the exchange Crypto.com to a non-custodial wallet.

The Bitcoin was moved in a series of five transactions that all occurred within a span of just one minute.

Meanwhile, a separate unknown whale moved a staggering amount of the dog-themed memecoin Dogelon Mars (ELON), sending 84,890,577,207,998 ELON worth about $29 million away from Crypto.com in a single transaction.

Despite the big moves, the blockchain analytics firm Santiment says that overall, Bitcoin whales appear to be holding strong amid the volatility, with addresses holding 10-10,000 BTC have remaining essentially flat.

BTC is trading for $28,535 at time of writing, a fractional decrease during the last 24 hours while ELON is moving for $$0.000000354433, a 1% drop during the same time frame.

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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.

Featured Image: Shutterstock/Mia Stendal

The post Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence appeared first on The Daily Hodl.

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