Ethereum

2024

Bitcoin

USDC

Coin

<ul class="news-points">
 <li><strong>Whales moved over $1.5 billion in BTC, ETH, and USDC to Coinbase platforms.</strong></li>
 <li><strong>The transactions come amid BTC reclaiming $70k within the last 24 hours.</strong></li>
 <li><strong>The movement to exchanges has sparked concerns about potential market dumps.</strong></li>
</ul>
<p>The crypto community has witnessed a startling movement of crypto funds by prominent entities to liquid centralized trading platforms within the last 24 hours. Influential investor tracker Whale Alert has documented these movements in numerous posts on X.</p>
<p>According to the report, <a href="https://coinedition.com/coinbases-gamble-on-futures-contracts-for-altcoins-raises-sec-eyebrows/" rel="noopener noreferrer nofollow">Coinbase</a> has been the leading beneficiary of the funds moving from “unknown wallets” to exchanges. Coinbase’s platform dedicated to institutional investors took a store of 22,731 Ethereum tokens worth $78,444,544 on Monday morning. The last time a similar transaction occurred was two days ago.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 22,731 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> (78,444,544 USD) transferred from unknown wallet to Coinbase Institutional<a href="https://t.co/14blRLNGFm" target="_blank" rel="noopener noreferrer nofollow">https://t.co/14blRLNGFm</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1772201258092212623?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Meanwhile, within the same hour, Coinbase Institutional <a href="https://x.com/whale_alert/status/1772208597839003806?s=20" target="_blank" rel="noopener noreferrer nofollow">received</a> $75,887,800 in USDC stablecoin from an unknown wallet. A few hours later, the Coinbase exchange <a href="https://x.com/whale_alert/status/1772284770115858719?s=20" target="_blank" rel="noopener noreferrer nofollow">received</a> $72,735,609 in Bitcoin from anoth…</p>
<p>The post <a href="https://coinedition.com/whales-move-1555911187-to-coinbase-as-bitcoin-reclaims-70k-dump-incoming/" rel="noopener noreferrer nofollow">Whales Move $1,555,911,187 to Coinbase as Bitcoin Reclaims $70k: Dump Incoming?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Whales Move $1,555,911,187 to Coinbase as Bitcoin Reclaims $70k: Dump Incoming?

Coin Edition

Other articles published on Mar 26, 2024

Meme Coin Frenzy Continues in Solana Ecosystem

$100 billion crypto company is hiring AI talents

Cosmos Upgrade to Revolutionize Cross-Chain Transactions; Rising AI Crypto Shines Brighter than M...

Top 10 RWA Altcoins for 10x Profit In 2024

BestChange.com: Your Gateway to Effortless Crypto and E-Currency Exchange

FTX users set to cash out big as crypto markets surge

Join our free newsletter for daily crypto updates!