Whales Move 4 Cryptos Totaling $780 Million! What Does This Mean?


 "Fulamak don't play with whales, once he sells it, the crypto price will drop quickly."

Unbeknownst to us, new whales data shows that recently there has been quite significant Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Ripple (XRP) cryptocurrency wallet movements amounting to $780 million.

Through observation, crypto whales suddenly act quickly moving hundreds of millions of United States (US) dollars in digital assets, of which there is almost $500 million of which is BTC to new wallets.

Without wasting time, let's take a look at the details below about BTC transactions including transfers:

3,167 BTC worth $139,724,560 transferred from unknown wallet to Coinbase.

2,000 BTC worth $88,297,346 transferred from Coinbase to unknown wallet.

1,380 BTC worth $61,038,659 transferred from Coinbase to new unknown wallet.

2,250 BTC worth $100,136,748 transferred from one unknown wallet to another.

584 BTC worth $25,629,293 transferred from Binance to unknown wallet.

1,815 BTC worth $79,636,169 transferred from Kraken to Bitfinex.

In addition to BTC, there are recent whales transactions also in ETH worth $150 million while DOGE has almost $100 million transferred to an unknown wallet and $30 million XRP was found to be transferred to another crypto exchange.

Among the reasons behind the whales' latest move is on the heels of the overall crypto global market cap seeing a decline today, so whales may be holding out for a potential surge in the overall market.

If the Securities and Exchange Commission (SEC) approves the spot BTC ETF in the near future, the entire crypto market may see a significant increase and this may just be a preparatory step for the crypto wallet.