Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin from Top Crypto Exchange Amid Market Turmoil

A pair of crypto whales just moved massive amounts of Bitcoin (BTC) and a competitor to Shiba Inu (SHIB) from a top crypto exchange as global markets react to an additional Fed rate hike.

According to on-chain data tracked by Whale Alert, an anonymous whale suddenly moved $195,231,414 in BTC from the Crypto.com exchange to an uncustodial wallet.

The bitcoin was moved in a series of five transactions, all of which occurred within a span of just one minute.

• Transferred 1,433 BTC worth about $39,041,477 from Crypto.com to an unknown wallet.
• Transferred 1,433 BTC worth about $39,041,477 from Crypto.com to an unknown wallet.
• Transferred 1,433 BTC worth about $39,041,477 from Crypto.com to an unknown wallet.
• Transferred 1,433 BTC worth about $39,041,477 from Crypto.com to an unknown wallet.
• Transferred 1,433 BTC worth about $39,041,477 from Crypto.com to an unknown wallet.

Meanwhile, a separate unknown whale moved a staggering amount of the dog-themed memecoin Dogelon Mars (ELON), sending 84,890,577,207,998 ELON worth about $29 million away from Crypto.com in a single transaction.

Despite the big moves, blockchain analytics firm Santiment says that overall, despite the volatility, bitcoin whales appear to be holding up strongly, with 10-10,000 BTC addresses remaining essentially unchanged.

BTC is trading at $28,535 as of this writing, a fraction of the drop over the past 24 hours, while ELON is trading at $0.000000354433, down 1% over the same period.

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