Whales Abruptly Move $282,500,000 in XRP and Polygon (MATIC) in Series of Massive Crypto Transfers

Crypto whales are out in force as a new week arrives, moving a staggering $282.5 million in XRP and Polygon (MATIC).

The crypto address tracker Whale Alert spotted a series of mounting transactions in the last 36 hours.

Whales have moved XRP both to and from crypto exchanges Bitstamp and Bitso.

Here’s an overview of the activity, which totals $248.9 million.

Meanwhile, Polygon whales have moved a total of $33.6 million, with only one of the transactions involving centralized exchanges.

New numbers from WhaleStats show Polygon is now the fifth-largest crypto asset holding among the 5,000 biggest Ethereum whales on record.

The top four are Ethereum (ETH), USD Coin (USDC), Tether (USDT) and Shiba Inu (SHIB).

XRP is at $0.39 at time of publishing, down 0.5% in the last 24 hours. MATIC is at $1.49, down 0.9% in the last day.

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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.

Featured Image: Shutterstock/Dotted Yeti/Nikelser Kate

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