Whales Move Over $380,000,000 in Bitcoin, Ethereum, Dogecoin and Gnosis – Here’s Where the Crypto’s Headed – The Daily Hodl

Whales moved more than $380 million worth of Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Gnosis (GNO) in a single day on Wednesday.

A handful of whales moved huge sums of BTC onto or off exchanges, according to the blockchain-tracking platform Whale Alert.

Top US crypto exchange Coinbase transferred 2,500 Bitcoin worth more than $74.3 million to an unknown wallet, and a different unknown wallet sent 2,616 BTC worth nearly $77.8 million to Coinbase.

New York-based exchange Gemini also transferred 4,000 Bitcoin worth more than $119.1 million to a third unknown wallet. BTC is trading at $29,625 at time of writing.

In terms of large Ethereum transactions, two unknown wallets transferred large sums to Coinbase. One sent the exchange 18,920 ETH worth more than $35.1 million, and the other transferred 19,046 ETH worth roughly $34.9 million, according to Whale Alert.

A third unknown wallet also sent 15,000 Ethereum worth more than $27.8 million to the Cayman Islands-based exchange Gate.io. ETH is priced at $1,855 at time of writing.

Coinbase also received a large sum of the top memecoin Dogecoin, with an unknown wallet sending the exchange 67,881,717 DOGE worth more than $5 million. DOGE is worth around $0.0754 at time of writing.

In terms of other altcoins, the treasury for Gnosis, an Ethereum sidechain, sent an unknown wallet 92,000 GNO worth more than $10.2 million. GNO is trading at $111.51 at time of writing.

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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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• Source: https://dailyhodl.com/2023/08/10/whales-move-over-380000000-in-bitcoin-ethereum-dogecoin-and-gnosis-heres-where-the-cryptos-headed/