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Whales Moved Bitcoin (BTC) and Dogecoin (DOGE) Worth $531M As Markets Retrace. Here’s the Destination

Crypto whales have been moving hundreds of millions worth of Bitcoin (BTC), the largest cryptocurrency by market cap and the largest meme token amid the market Dogecoin (DOGE) as markets take a break for a needed consolidation.

According to Whale Alert, the tracker of large transactions of crypto assets that first spotted and reported the transaction, there have been large transfers of BTC and DOGE worth relative $531 million.

Read Also: Dogecoin Whales Abruptly Moved $182 Million Worth of DOGE after Elon Musk-Fueled Rally. Here’s the Destination

The largest of the transactions in the past day involved the movement of 14,159 BTC worth $421.71 million from a wallet of unknown origin to another.

According to Whale Alert, the whopping transaction only cost the deep-pocketed investor $3 only.

In another large transaction reported by the whale tracker, the second Bitcoin whale transferred 1,890 BTC worth $56.54 million from a wallet of unknown origin to US-based crypto exchange Coinbase, where it could be sold off permanently on the open market.

At the time of filing this report, BTC is trading at $29822, with little or no change in price in the last 24 hours, according to CoinMarketCap.

Read Also: Dogecoin (DOGE) Dominates White House Report with 20 Mentions

Whales Movement of Dogecoin (DOGE)

Looking at the activities of large Dogecoin holders, Whale Alert learned and reported that one unknown entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to the popular investing platform Robinhood.

Meanwhile, an unknown crypto wallet received 117,717,363 DOGE worth $8.58 million from Robinhood.

In a different Dogecoin transaction, a wealthy investor transferred 85,000,000 DOGE worth $6.17 million from a wallet of unknown origin to the crypto exchange Binance.

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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 the time of writing, DOGE is trading at $0.07491, with a relatively 4% price upsurge based on 24-hour estimation, according to CoinMarketCap.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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