Whales Just Moved $800 Million, But Guess Where?

It’s been revealed the fact that the crypto whales have moved about $800 million in Bitcoin, ETH, XRP, and Polygon. Check out the latest reports coming from the online pubcalition the Daily Hodl in order to see where the money went.

As the online publication the Daily Hodl notes, it seems that the crypto whales are moving Bitcoin (BTC), Ethereum (ETH) and two other digital assets worth hundreds of millions of dollars in multiple transactions.

Starting with Bitcoin, blockchain-tracking platform Whale Alert says that deep-pocketed BTC investors have moved 25,820 BTC worth approximately $574 million.

“In two separate transactions, the Bitcoin was moved from Binance to unknown wallets while in another two transactions, the senders and the recipients were both unknown wallets,” the online publication posted.

7,044 BTC ($156,002,385) transferred from Binance to an unknown wallet
999 BTC ($22,156,955) transferred from Binance to an unknown wallet
8,455 BTC ($188,061,823) transferred from one unknown wallet to another unknown wallet
9,322 BTC ($207,256,789) transferred from one unknown wallet to another unknown wallet

In order to see the other important transactions, we suggest that you check out the original post. 

According to the latest notes coming from CoinDesk, it seems that the U.S. authorities transferred $1 billion worth of bitcoin (BTC) recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token’s price.

“Authorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly 10,000 bitcoin were sent to Coinbase-controlled wallets, while roughly $41,000 tokens were directed to government-controlled wallets,” the sane online publication noted so far.

#PeckShieldAlert 49k $BTC (worth $1 Billion) from wallets related to US Government law enforcement seizures have been transferred to #Coinbase (~9.8k $BTC, worth $217M), bc1qf2…fsv (30k $BTC) & bc1qe7…rdg (9k $BTC) #SilkRoad pic.twitter.com/4MzlvDzkut

— PeckShieldAlert (@PeckShieldAlert) March 8, 2023

They also made sure to tell their readers the fact that although concerns about the tokens’ sale on the open market may be overblown, fears that bitcoin prices could take a hit are not entirely unjustified, says Conor Ryder, a researcher at crypto markets analysis firm Kaiko.