Whales Transfer Over $531,000,000 in Bitcoin and Dogecoin – Here’s Where the Crypto Is Going

Crypto whales are shifting hundreds of millions of dollars worth of Bitcoin (BTC) and Dogecoin (DOGE) as the markets take a breather.

Blockchain-tracking bot Whale Alert initially spotted the large BTC and DOGE transactions in the past day to the tune of $531.71 million.

The biggest transfer in the last 24 hours involves a crypto whale relocating 14,159 BTC worth $421.71 million from an unknown wallet to an unknown wallet.

? ? ? ? ? ? ? ? ? ? 14,159 #BTC (421,719,993 USD) transferred from unknown wallet to unknown wallethttps://t.co/dgoE4DOlFq

— Whale Alert (@whale_alert) July 21, 2023

The whale-monitoring platform shows the deep-pocketed investor paid less than $3 to make the immense Bitcoin transaction.

Another Bitcoin whale shifted 1,890 BTC worth $56.54 million from a wallet of unknown origin to US-based crypto exchange Coinbase, where it could potentially be sold on the open market.

At time of writing, Bitcoin is trading for $29,815, a fractional decrease on the daily timeframe.

Looking at the activities of large Dogecoin holders, Whale Alert finds that one entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to the retail-focused trading platform Robinhood.

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

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

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 time of writing, DOGE is worth $0.70, down over 4% in the past day.

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Featured Image: Shutterstock/X-Poser