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Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence

As the global markets react to an extra rate hike from the Fed, a pair of crypto whales just moved enormous quantities of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor off of a leading cryptocurrency exchange.

On-chain data recorded by Whale Alert reveals that an unidentified whale made a sudden transfer of $195,231,414 worth of Bitcoin from the exchange Crypto.com to a wallet that is not held in custodial form.

The Bitcoin was moved in a sequence of five transactions that all took place within the course of only one minute. The total time for all of these transactions was just one minute.

1,433 Bitcoins with a value of approximately $39,041,477 were moved from Crypto.com to an unknown wallet, 1,433 Bitcoins with a value of approximately $39,041,477 were moved from Crypto.com to an unknown wallet, and 1,433 Bitcoins with a value of approximately $39,041,477 were moved from Crypto.com to an unknown wallet.

At the same time, a different unidentified whale moved a staggering quantity of the dog-themed memecoin Dogelon Mars (ELON). This individual moved 84,890,577,207,998 ELON away from Crypto.com in a single transaction, which had a value of around $29 million.

The blockchain analytics company Santiment reports that despite the large movements, Bitcoin whales appear to be holding strong despite the volatility, with addresses holding 10-10,000 BTC having remained practically flat. At the time of this writing, the price of one bitcoin is $28,535, which represents a slight reduction over the course of the last twenty-four hours. In comparison, one elon is now selling for $$0.000000354433, which represents a decrease of 1% over the same period of time.

 

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.