Whales Move Over $1,070,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where the Crypto Is Heading

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knife

Deep-pocketed crypto investors are suddenly shifting more than a billion dollars in Bitcoin (BTC), Ethereum (ETH), XRP and Polygon (MATIC) as markets dip.

According to new data from whale-surveying platform Whale Alert, crypto whales moved $849.1 million worth of the crypto king during the past two days.

In the largest of the BTC transactions, a whale moved 10,000 Bitcoin worth $269.4 million from one unknown wallet to another unknown wallet.

The other Bitcoin transactions on Whale Alert’s radar include:

Bitcoin is trading for $26,771 at time of writing, a 0.8% decrease during the past 24 hours.

The whale-tracking platform also notes that a crypto whale moved a huge amount of layer-2 scaling solution Polygon. The deep-pocketed investor moved 30,000,000 MATIC worth $24.94 million from Polygon Staking to an unknown wallet.

Polygon is trading for $0.862 at time of writing, up 2.5% during the past 24 hours.

According to the whale-tracking platform, there were two big transactions of the smart-contract platform Ethereum on May 11th that totaled $164.4 million.

The Ethereum transactions on Whale Alert’s radar include:

Ethereum is worth $1,813 at time of writing, up 1% during the past 24 hours.

The whale-tracking platform also notes that high-net-worth traders are shifting XRP, the native asset used to operate Ripple Labs’ payments platform. One crypto whale moved 50,000,000 XRP, worth $20.95 million at the time, from Ripple to another unknown wallet.

The other XRP transaction on Whale Alert’s radar includes:

XRP is worth $0.429 at time of writing, up 1.9% during the past 24 hours.

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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.

Generated Image: Midjourney

The post Whales Move Over $1,070,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where the Crypto Is Heading appeared first on The Daily Hodl.

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