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Reading: Whales Abruptly Transfer $282,500,000 in XRP and Polygon (MATIC) in Collection of Huge Crypto Transfers
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CryptoCompass > Blog > Alt Coin > Whales Abruptly Transfer $282,500,000 in XRP and Polygon (MATIC) in Collection of Huge Crypto Transfers
Alt Coin

Whales Abruptly Transfer $282,500,000 in XRP and Polygon (MATIC) in Collection of Huge Crypto Transfers

Staff
Last updated: 2023/02/20 at 6:27 AM
By Staff 1 month ago
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3 Min Read
Shiba Inu Altcoins Explode As Crypto Project Hints at Release Date for Ethereum Scaling Platform

Crypto whales are out in power as a brand new week arrives, transferring a staggering $282.5 million in XRP and Polygon (MATIC).

The crypto handle tracker Whale Alert noticed a sequence of mounting transactions within the final 36 hours.

Whales have moved XRP each to and from crypto exchanges Bitstamp and Bitso.

Here’s an outline of the exercise, which totals $248.9 million.

  • 264,500,000 XRP worth $102.0 million sent from unknown wallet to unknown wallet
  • 244,500,000 XRP worth $94.3 million sent from unknown wallet to unknown wallet
  • 43,000,000 XRP worth $16.7 million sent from unknown wallet to Bitstamp
  • 35,000,000 XRP worth $13.5 million sent from unknown wallet to Bitstamp
  • 30,000,000 XRP worth $11.6 sent from unknown wallet to Bitstamp
  • 28,000,000 XRP worth $10.8 million sent from Bitso to unknown wallet

Meanwhile, Polygon whales have moved a complete of $33.6 million, with solely one of many transactions involving centralized exchanges.

New numbers from WhaleStats present Polygon is now the fifth-largest crypto asset holding among the many 5,000 largest Ethereum whales on file.

The high 4 are Ethereum (ETH), USD Coin (USDC), Tether (USDT) and Shiba Inu (SHIB).

XRP is at $0.39 at time of publishing, down 0.5% within the final 24 hours. MATIC is at $1.49, down 0.9% within the final day.

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Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Dotted Yeti/Nikelser Kate

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Staff February 20, 2023
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