Crypto whales moved more than $600 million worth of Bitcoin (BTC), Ethereum (ETH), XRP and The Sandbox (SAND) in a two-day period this week as crypto markets traded sideways.
The largest transaction involved one unknown wallet sending 409,350,982 SAND worth more than $247.3 million to another unknown wallet, according to the blockchain tracker Whale Alert.
The Sandbox is a metaverse gaming project with decentralized governance.
Explains the crypto analytics firm Santiment,
“A known The Sandbox whale emptied out its entire 409 million SAND ($250 million in total) and moved to a new address today. This was the most coins moved since the asset’s first week of existence in August 2020. Today’s $261 million moved is the most moved in 7 months.”
Other large transactions tracked by Whale Alert include an unknown wallet transferring 72,591 ETH worth more than $125.5 million to another unknown wallet.
Additionally, a separate unknown whale sent 5,200 Bitcoin worth more than 140.7 million to a different unknown address, and the crypto exchange Binance transferred 972 BTC worth more than $26.3 million to the crypto exchange Coinbase.
XRP whales and exchanges moved the crypto asset in a flurry of smaller transactions, including:
- 20,752,375 XRP worth more than $11.1 million transferred from Binance to an unknown wallet
- 41,140,453 XRP worth more than $21.6 million transferred from Binance to an unknown wallet
- 20,000,000 XRP worth nearly $10.5 million transferred from an unknown wallet to the crypto exchange Bitstamp
- 22,100,000 XRP worth more than $10.5 million transferred from the crypto exchange Bitso to an unknown wallet
- 25,000,000 XRP worth more than $12 million transferred from an unknown wallet to Bitstamp
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