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Whales Move Over $730,000,000 in Bitcoin, Ethereum and XRP – Here’s Where the Crypto’s Headed – The Daily Hodl

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Deep-pocketed crypto investors are moving hundreds of millions of dollars worth of digital assets into and from centralized crypto exchange platforms as the king crypto falls below $26,000.

New data from whale-surveying platform Whale Alert reveals that high-net-worth traders have abruptly shifted over $730 million worth of Bitcoin (BTC), Ethereum (ETH), and XRP, the majority of them moving into or out of prominent crypto exchanges such as Binance, Coinbase, and Kraken.

The BTC transactions on Whale Alert’s radar, which total to about $458 million, include:

Bitcoin is trading for $25,851 at time of writing, a 4.8% decrease during the last 24 hours.

Moving on to XRP, the digital asset associated with Ripple Labs’ payments platform, Whale Alert finds about $240 million worth of movement. XRP transactions noticed by the whale-watching blockchain tracker include:

XRP is trading for $0.50 at time of writing, a 2.89% decrease during the last day.

Lastly, Whale Alert finds that an ETH whale suddenly transferred 21,240 ETH worth $34,965,976 USD from an unknown wallet to Coinbase.

Ethereum is moving for $1,631 at time of writing, a 3% dip on the 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.

Featured Image: Shutterstock/IgorZh

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