Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin from Top Crypto Exchange Amid Market Turbulence

Crypto whales are reportedly moving hundreds of millions of Bitcoin (BTC) and a Shiba Inu (SHIB) competitor out of a top crypto exchange as markets react to the Federal Reserve announcing further rate hikes.

According to new data from whale research platform Whale Alert, a staggering 84,890,577,207,998 Dogelon Mars (ELON) tokens, worth around $29 million at the time of writing, were suddenly snapped up shifted from Crypto.com to an unknown crypto wallet.

Transactions in the royal crypto were also on Whale Alert’s radar as many deep-pocketed investors began transferring millions of dollars worth of the top crypto asset by market capitalization out of the Singapore-based digital asset exchange also after the Fed announced it would raise interest rates despite the recent banking crisis.

The BTC transactions noticed by Whale Alert, which were identical in nature, include:

• 1,433 BTC worth approximately $39,041,477 transferred from Crypto.com to unknown wallet.
• 1,433 BTC worth approximately $39,041,477 transferred from Crypto.com to unknown wallet.
• 1,433 BTC worth approximately $39,041,477 transferred from Crypto.com to unknown wallet.
• 1,433 BTC worth approximately $39,041,477 transferred from Crypto.com to unknown wallet.
• 1,433 BTC worth approximately $39,041,477 transferred from Crypto.com to unknown wallet.

In total, digital assets worth $195,231,414 were moved out of the crypto exchange platform.

Bitcoin is trading at $28,535 at the time of writing, down a fraction over the past 24 hours while ELON is moving at $0.000000354433, down 1% over the same time frame.

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Featured Image: Shutterstock/KumaSora/Nikelser Kate