Crypto Whales Suddenly Move $300 Million XRP And Nearly $100 Million Altcoin SAND

Key Points:

• Whale Alert, a cryptocurrency whale tracker, has detected four huge XRP transactions in the previous 24 hours, totaling $126 million.
• $97 Million SAND was transferred from an unknown wallet to the cryptocurrency platform Binance, where it might potentially be sold on the open market.

Following the massive movement of Bitcoin (BTC) and Ethereum (ETH) over the weekend, crypto whales are now moving millions in XRP and the metaverse project, The Sandbox (SAND).

Whale Alert, a cryptocurrency whale tracker, has detected four huge XRP transactions in the previous 24 hours, totaling $126 million.

The highest single transfer sent 205,500,000 XRP worth $81.7 million from one unknown wallet to another.

The remaining whale transfers transported XRP to and from a variety of crypto exchanges, implying that huge investors purchased and traded the digital asset in large quantities.

Here’s a look at the other big XRP swings on a recent day:

• 40,000,000 XRP worth $15.9 million transferred from Bitso to an unknown wallet
• 41,000,000 XRP worth $16.2 million transferred from an unknown wallet to Bitstamp
• 32,043,479 XRP worth $13.0 million transferred from Binance to an unknown wallet

Meanwhile, as the new week begins, whales holding the Ethereum-based metaverse altcoin The Sandbox (SAND) are also shifting millions in crypto.

SAND was transferred from an unknown wallet to the cryptocurrency platform Binance, where it might potentially be sold on the open market.

• 57,000,000 SAND worth $44.6 million transferred from an unknown wallet to an Unknown wallet
• 40,000,000 SAND worth $31.2 million transferred from an unknown wallet to Binance

The XRP and SAND whales moved a total of $202 million in just six transactions. According to Whale Stats, SAND is now held by 0.79% of the top 1,000 Ethereum wallets.

Tether (USDT), Shiba Inu (SHIB), and USD Coin (USDC) are the top altcoin holdings among those Ethereum whales, with 17.42%, 18.38%, and 154.3%, respectively.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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