Crypto Whale Raises 350 Million in Bitcoin and Altcoins: Market Is on Boil

important point:

• Mass transfer of crypto assets: Large investors move over $350 million in Bitcoin between unknown wallets.
• XRP, ETH and LINK Market Movement: Crypto whales move significant amounts of XRP, Ethereum and Chainlink, highlighting intense activity outside of Bitcoin.
• Bitcoin Volatility: Despite the recent decline, Bitcoin shows a rise from its seven-day low, reflecting market volatility and dynamism.

Cryptocurrency investors with significant funds are making a massive move into digital assets, moving hundreds of millions of dollars between anonymous wallets.

Recent data from Whale Alert, a platform specializing in monitoring the activities of large cryptocurrency investors, indicates that more than $350 million in Bitcoin (BTC), the main digital asset by market capitalization, was moved through two separate operations. Is.

Important Bitcoin Activities

In one transaction, a crypto whale transferred 3,599 BTC (252,067,077) from one unknown wallet to another. The second operation recorded a transfer of 1,500 BTC ($105,528,550), also between an unknown wallet.

Bitcoin is currently trading at 69,838, which has seen a 1.47% decline over the past 24 hours, although it is up 10.7% from its seven-day low of 62,932 recorded on March 22.

Whale Activity in Other Cryptocurrencies

Whale Alert has also seen significant movements in other cryptocurrencies. Whales moved more than $100 million into XRP, the digital asset tied to the Ripple payments platform, and less than $100 million into both Ethereum (ETH), the second-largest cryptocurrency by market capitalization, and provider Chainlink (LINK). Is. Decentralized oracle services for smart contracts.

Other specialized transactions

Notable transactions detected by Whale Alert include:

• Transfer of 210,020,140 XRP worth $128,921,343 between anonymous wallets.
• Transfer of 15,000 ETH with a value of 53,235,693 from Bitfinex exchange house to an unknown wallet.
• Movement of 4,220,958 LINK, worth 80,137,130, also among unknown wallets.

These movements of large amounts of cryptocurrency underline the continued dynamism and high liquidity of the cryptocurrency market, drawing the attention of both investors and market observers to the trends and potential impacts of these large transfers.