Whales Abruptly Move $202,000,000 in XRP and Ethereum-Based Altcoin Project – Here’s Where the Crypto Is Now
After moving huge amounts of Bitcoin (BTC) and (ETH) over the weekend, crypto whales are now shifting millions in XRP and the metaverse project The Sandbox (SAND).
The crypto whale tracker Whale Alert has spotted four massive XRP transactions in the last 24-hours, moving a total of $126 million.
The single largest transfer moved 205,500,000 XRP worth $81.7 million from one unknown wallet to another unknown wallet.
The remaining whale transfers sent XRP both to and from a number of crypto exchanges, which suggests the large investors may have bought and sold the digital asset in big numbers.
Here’s a look at the additional large XRP moves in the last day.
- 40,000,000 XRP worth $15.9 million transferred from Bitso to unknown wallet
- 41,000,000 XRP worth $16.2 million transferred from unknown wallet to Bitstamp
- 32,043,479 XRP worth $13.0 million transferred from Binance to unknown wallet
Meanwhile, whales holding the Ethereum-based metaverse altcoin The Sandbox (SAND) are also moving millions in crypto as a new week begins.
One of the transfers sent SAND from an unknown wallet to the crypto exchange Binance, where it could potentially be sold on the open market.
- 57,000,000 SAND worth $44.6 million transferred from unknown wallet to unknown wallet
- 40,000,000 SAND worth $31.2 million transferred from unknown wallet to Binance
In total, the XRP and SAND whales moved a whopping $202 million in just six transactions.
According to Whale Stats, 0.74% of the 1,000-largest Ethereum wallets in existence now hold SAND.
The top altcoin holding among those Ethereum whales is currently Tether (USDT) at 17.14%, Shiba Inu (SHIB) at 15.89% and USD Coin (USDC) at 15.86%.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/AleksandrMorrisovich/Sensvector
The post Whales Abruptly Move $202,000,000 in XRP and Ethereum-Based Altcoin Project – Here’s Where the Crypto Is Now appeared first on The Daily Hodl.
