EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Crypto Trading Volume Rises By 25.9% Due To Whale Moves

Admin by Admin
February 6, 2023
in Crypto News
0
Natwest Announced New Limits On Cryptocurrency Payment
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The crypto trading volume has risen by 25.9% over the past 24 hours. The high number of transactions could have been highly attributed to whales making big trades in BTC, ETH, and major altcoins. 

Ethereum (ETH) whales have been quite active over the past 24 hours. There have been major transactions, such as a whale that bought 620 $weth ($1,018,629). Another whale bought $ 1,012 $weth ($1,640,209), and another bought $ 2,003 $weth ($3,246,382).

ETH has had an exciting week as it battled to reach $1,700. Its recent surge over the past week has created optimism in the market, and many hope the bear market is finally over. However, this week has started with a correction back to $1,630, a 2.24% drop over the past 24 hours. However, it’s a 0.76% gain over the past week.

BTC recently crossed the $23,000 mark and has caught the attention of whales in the crypto market. In just three transactions, the whales moved $743 million in crypto.

On Feb. 3, one whale moved 13,369 BTC ($311 million) from an unknown wallet. The holder was among the top 65 BTC wallets. The next day, ETH worth $309 million was moved, followed by a $123 million transaction from Gate.io to an unknown wallet by a single entity, making it the second largest in its history.

Even with confusion among investors on how the US macroeconomic data may affect market sentiment, experts say there is a high chance that the crypto and stocks market will see a rebound; hence the year may turn bearish.

XRP reached a $0.41 high on Feb. 5 before starting a retrace on Feb. 6. Whale activity in XRP has been rising this year. Over the weekend, the whales moved 319,500,000 XRP tokens ($126 million).

One whale moved 205,500,000 XRP($81.7M) from an unknown wallet to another unknown one in one transaction yesterday. 

Another whale moved 40,000,000 XRP worth $15.9M from Bitson, a crypto exchange, to an unknown address. They made two more transactions, one from Binance worth $13.0M and another from Bitstamp, worth $16.2M.

There were also SAND whale transfers worth $75.8M in the past 24 hours. According to Whale Stats, 0.74% of the 1000 largest ETH wallets now hold SAND.

Whale Alert shows that 1,999,998,709,228 SHIB worth $24.20M was moved over the past 24 hours. They made the transactions in just 5 minutes, suggesting that one person made a massive SHIB trove. The transactions were four, each of the same value, $6.05M from Binance to an unknown wallet. SHIB is now trading at $0.00001448, a 4% drop in the past 24 hours.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Hackers Stole $3.8 Billion From Crypto Firms

Next Post

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Admin

Admin

Next Post
Crypto Scammers Preying On Elderly Japanese Singletons

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0

Defi (Decentralized Finance)

0
Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023
Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

March 27, 2023
Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

Bitcoin To $1 Million: Ex-Coinbase CTO Assures Off Bet

March 27, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Celsius Sets End Of April As New Deadline For Proof Of Claim

Celsius Sets End Of April As New Deadline For Proof Of Claim

March 27, 2023
XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

XRP Lawyer Doubts If UK’s FCA Follows US SEC In Crypto Law

March 27, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>