Bitcoin and Ethereum whales suddenly move huge crypto treasures worth up to $133 millions

Crypto whales are moving large amounts of coins to start the week, with multiple nine-figure transactions spotted on the blockchain.

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Bitcoin and Ethereum whales suddenly move huge crypto treasures worth up to $133 millions

First recorded by blockchain tracking service Whale Alert, a mysterious Bitcoin whale sent 6,980 BTC to another unknown wallet in the early hours of Monday morning.

The transfer was worth a staggering $133,839,478, with the sender only paying a fee of $0.07. The transfer was done by a wallet created last month and sent to a newly created wallet.

At the time of writing, BTC is changing hands at $19,324, up 1.5% on the day so far.

Whale Alert also spotted two major Ethereum transfers that are making waves. According to blockchain trackers, an unknown entity transferred 84,999 ETH worth more than $110,281,414 to an unknown wallet. Hours later, another unknown entity sent 41,497 ETH worth about $54,800,879 to another unknown wallet.

Whales from other altcoin networks were also active early Monday morning, with Whale Alerts detecting a Polygon Transfer (MATIC) of 90,197,579 MATICs worth approximately $71,123,790 USD between two unknown wallets .

Blockchain analysis firm Santiment recently reported that a large amount of BTC left crypto exchanges for cold storage late last month at levels not seen since the lows of June this year. .

“Bitcoin saw 34,723 of its coins exit exchanges on September 30, showing what could be a sign of confidence from traders heading into Q4. The last time at least this amount of BTC left the exchange was June 17, where the price increased 22% over the next 4 weeks. "

Source: Sentiment / Twitter

Oct 04, 2022

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