Whales Just Moved Over $1 Billion In Bitcoin, Ethereum, Polygon And XRP

It’s been just revealed the fact that the crypto whales were able to move massive amounts of money in BTC, ETH, MATIC, and XRP. Check out the latest interesting reports below.

As the latest reports noted, the 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 same online publication mentioned the fact that 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.”

In order to find out more details about the whales moving money, we suggest that you check out the original article. 

MicroStrategy founder and executive chairman Michael Saylor believes that the banking crisis is great for Bitcoin (BTC).

Saylor says in a new interview on the David Lin Report that the flagship crypto asset is attracting “smart money” amid a currency and banking crisis.

“The meltdown in banks and the meltdown of currencies is driving a stampede of smart money to Bitcoin.”

It’s also important to mention the fact that he believes that the loss of confidence in the existing monetary system is what is making “commodity monies” such as gold and Bitcoin attractive.

“If you lose confidence in the currency, the banks, then you lose confidence in fiat currency as money. And therefore the money is dying. It’s obviously dying in Venezuela, it’s obviously dying in Argentina. But it’s dying everywhere in the world even in the United States and in Western Europe.”