Whales Move Over $587,880,000 in Ethereum and Dogecoin Amid Market Pullback Heres Where the Crypto Is Going

As digital asset markets continue to adjust, crypto whales are moving hundreds of millions of dollars worth of Ethereum (ETH) and Dogecoin (DOGE).

Blockchain tracking service Whale Alert reports that a well-funded Ethereum holder transferred 323,430 ETH worth $488.67 million from an unknown wallet to popular US cryptocurrency exchange Coinbase the day before. doing.

At the time of writing, Ethereum is trading at $1,533, up more than 1% in the last 24 hours. Even after last week’s market-wide retracement, the leading smart contract platform is up more than 28% this year.

Whale Alert found that large Dogecoin holders are also on the move. A mysterious whale transferred his $99.23 million worth of DOGE 1.2 billion in three transactions, according to a blockchain tracker.

As of this writing, DOGE is worth $0.082, a slight increase for the day. Despite the current crypto correction, the top meme coin is still up 18% this year.

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