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.