Whales Transfer More Than $640 Million in Bitcoin, Ethereum, Solana, Shiba Inu, and Chainlink

High-net-worth crypto investors are making sudden and significant moves, transferring hundreds of millions of dollars' worth of digital assets, including the leading cryptocurrency and the most prominent altcoin.

Recently released data by the whale-tracking platform Whale Alert has unveiled significant movements in the cryptocurrency market. One high-net-worth trader executed a swift transfer of 14,159 Bitcoin (BTC) valued at an astounding $421.7 million, moving funds from an undisclosed wallet to another.

Another substantial transaction involved a whale transferring 1,881 BTC worth $55.9 million from an unidentified wallet to Coinbase, the prominent US-based crypto exchange platform.

The activity wasn't limited to Bitcoin, as Ethereum (ETH) and Solana (SOL) also witnessed noteworthy transfers, amounting to $51.6 million and $53.9 million, respectively.

According to Whale Alert, one whale relocated 27,366 ETH from Binance.US, the US branch of the world's largest crypto exchange platform, to an undisclosed wallet. In another move, a wealthy trader shifted 2,000,000 SOL from Binance to an unidentified wallet.

Additionally, one crypto whale conducted a transfer of 409,823 SOL worth $10.3 million from an undisclosed wallet to Binance.

Among the notable transfers observed on the platform, popular dog-themed meme assets Shiba Inu (SHIB) and decentralized oracle network Chainlink (LINK) were involved. One transaction transferred a substantial amount of 2,416,836,656,676 SHIB worth $18.7 million from Binance.US to an unknown wallet, while another moved 3,743,238 LINK worth $29.9 million from one unidentified wallet to another.

Jul 22, 2023

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