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.
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.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
