Crypto whales are moving hundreds of millions of dollars worth of Ethereum (ETH) and Dogecoin (DOGE) as the digital asset markets continue to correct.
Blockchain-tracking service Whale Alert reports that deep-pocketed Ethereum holders relocated 323,430 ETH worth $488.67 million in the past day from unknown wallets to popular US-based crypto exchange Coinbase.
- 149,999 ETH worth 226.29 million transferred from wallet of unknown origin to Coinbase
- 149,999 ETH worth 226.29 million transferred from wallet of unknown origin to Coinbase
- 23,432 ETH worth $36.09 million transferred from wallet of unknown origin to Coinbase
At time of writing, Ethereum is trading for $1,533, up over 1% in the last 24 hours. Even after last week’s market-wide retracement, the leading smart contract platform remains up more than 28% this year.
Whale Alert also finds that a large Dogecoin holder is also on the move. According to the blockchain tracker, a mysterious whale shifted 1,200,000,000 DOGE worth $99.23 million in three separate transactions.
- 400,000,000 DOGE worth $33.10 million transferred from wallet of unknown origin to another wallet of unknown origin
- 400,000,000 DOGE worth $33.08 million transferred from wallet of unknown origin to another wallet of unknown origin
- 400,000,000 DOGE worth $33.05 million transferred from wallet of unknown origin to another wallet of unknown origin
At time of writing, DOGE is worth $0.082, a fractional increase on the day. The top meme coin is still up 18% this year despite the current crypto correction.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Whales Move Over $587,880,000 in Ethereum and Dogecoin Amid Market Pullback – Here’s Where the Crypto Is Going appeared first on The Daily Hodl.
