Whales move over $618,000,000 in Bitcoin, Ethereum, XRP and Chainlink – here's the direction the cryptocurrency is heading

Deep-pocketed crypto investors are abruptly moving hundreds of millions of dollars worth of digital assets in and out of unknown wallets.

New data from whale-watching platform Whale Alert shows that over $350 million worth of Bitcoin (BTC), the largest crypto asset by market capitalization, was transferred in two separate transactions.

In the first transaction, a crypto whale transferred 3,599 BTC ($252,067,077) from one unknown wallet to another, while in the second transaction, 1,500 BTC ($105,528,550) moved from one unknown wallet to another.

Bitcoin is trading for $69,671 at the time of writing, down 1.9% in the last 24 hours but up 10.7% from the seven-day low of $62,932 set on March 22 . March.

According to Whale Alert, crypto whales also moved over $100 million worth of XRP, the digital asset linked to payments platform Ripple, and less than $100 million each of Ethereum (ETH), the second-largest crypto asset by market cap, and Chainlink (LINK), a provider of decentralized oracle services for smart contracts.

Other transactions on Whale Alert's radar include:

• 210,020,140 XRP worth $128,921,343 were transferred from one unknown wallet to another.
• 15,000 ETH worth $53,235,693 was transferred from crypto exchange Bitfinex to an unknown wallet.
• 4,220,958 LINK $80,137,130 transferred from one unknown wallet to another.

Ethereum is trading at $3,510 at the time of writing, down 1.5% in the last 24 hours, while XRP and LINK are trading at $0.630 and $19.09, respectively.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct their due diligence before making any risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and transactions are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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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