Whales Flick Into XRP And Ethereum-Based Altcoin Project

Crypto whales moved a lot of Bitcoin (BTC) and Ethereum (ETH) over the weekend. They are now investing millions of dollars in XRP and The Sandbox (SAND), a metaverse project.

In the last 24 hours, the crypto whale tracker Whale Alert has seen four huge XRP transactions that moved a total of $126 million.

The single most significant transfer moved 205,500,000 XRP worth $81.7 million from one unknown wallet to another anonymous wallet.

The rest of the whale transfers sent XRP to and from several crypto exchanges. This suggests that the big investors may have bought and sold large amounts of digital assets.

Here’s a look at some of the other significant changes in XRP in the last day.

40,000,000 XRP worth $15.9 million was transferred from Bitso to an unknown wallet. A wallet that people knew about sent $16.2 million worth of XRP to Bitstamp. Binance sent 32,043,479 XRP worth $13 million to an anonymous wallet.

At the same time, whales with the metaverse altcoin The Sandbox (SAND), based on Ethereum, are also moving millions of dollars in crypto as the week starts.

One of the transfers sent SAND from an unknown wallet to the cryptocurrency exchange Binance, where it could be sold on the open market.

$44.6 million worth of 57,000,000 SAND was moved from an unknown wallet to an anonymous wallet. Unknown wallet sent $31.2 million in the form of 40,000,000 SAND to Binance. The XRP and SAND whales moved a vast $202 million in just six transactions.

Whale Stats says that 0.74 percent of the 1,000 largest Ethereum wallets now hold SAND.

At the moment, the altcoins that these Ethereum whales hold the most of are Tether (USDT), Shiba Inu (SHIB), and USD Coin (USDC).

Source: WhaleStats

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