• Crypto whales have sent hundreds of millions of dollars worth of Bitcoin and Altcoins to exchanges as markets pause.
• Whale Alert has spotted numerous large entities sending Bitcoin, Ethereum, Litecoin, USDC, Polygon and 1Inch to various crypto exchanges.
• At time of writing, Bitcoin is down 1.3% in the last 24 hours.
Crypto Whales Transfer Hundreds of Millions to Exchanges
Crypto whales have suddenly come to life in the last 24 hours with massive amounts of coins being sent to exchanges as markets start to show signs of possible weakness. Blockchain monitoring service Whale Alert has spotted numerous large entities sending large stacks of Bitcoin (BTC) and other digital assets such as Ethereum (ETH), Litecoin (LTC), USDC, Polygon (MATIC) and 1Inch (1INCH) to various crypto exchanges.
Whale Alert Spots Transfers
Whale Alert spotted two transfers of Ethereum worth over $40 million from unknown wallets to crypto exchange Coinbase just hours apart before another wallet was spotted sending $28 million in ETH to Gate.io. 21,280 ETH ($40,626,595) was transferred from an unknown wallet to Coinbase; 21,506 ETH ($40,815,021) was transferred from another unknown wallet; 15,000 ETH ($28,701,747) was transferred from an unknown wallet to Gate.io; 1