$749M Transfer Sees Bitcoin, Ethereum and Altcoins Surge: What’s Next?

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Recent activity in the cryptocurrency world has caught the attention of high-profile investors referred to as “whales.” Whale Alert reported that whales have relocated an impressive $511 million in Bitcoin, sending a portion to a leading U.S. crypto exchange, Coinbase, and the rest between anonymous wallets.

Bitcoin transactions recorded by Whale Alert include:
– A wallet that was not disclosed transferred 2,740 BTC (equivalent to $73,055,868 USD) to Coinbase.
– An unidentified wallet moved 2,795 BTC worth $75,029,955 USD to Coinbase.
– 2,807 BTC worth $74,894,150 USD was sent from an unidentified wallet to Coinbase.
– 1,000 BTC valued at $26,872,014 USD was transferred from an undisclosed wallet to Coinbase.
– Unknown wallets exchanged 9,775 BTC worth $261,129,772 USD.

Altcoins have also seen notable movements. An estimated $238 million in Ethereum, Shiba Inu, and XRP were directed to different crypto exchange platforms. Whale Alert data highlighted the following transfers:
– 22.017 ETH, or $34,313,618 USD, was sent to Coinbase.
– 50,000 ETH valued at $78,307,428 USD was moved to Kraken.
– 15,149,324 USD worth 31,200,000 XRP was transferred to Bitstamp.
– 23,700,000 XRP worth $11,502,941 shifted to Bitso.
– An anonymous wallet exchanged 4,607,030677,374 SHIBs, or $31,387,700.

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