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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