Whales Move 4 Cryptos Totaling $780 Million! What Does This Mean?

<p>&nbsp;"Fulamak don't play with whales, once he sells it, the crypto price will drop quickly."</p><p><br /></p><p>Unbeknownst to us, new whales data shows that recently there has been quite significant Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Ripple (XRP) cryptocurrency wallet movements amounting to $780 million.</p><p><br /></p><p>Through observation, crypto whales suddenly act quickly moving hundreds of millions of United States (US) dollars in digital assets, of which there is almost $500 million of which is BTC to new wallets.</p><p><br /></p><p>Without wasting time, let's take a look at the details below about BTC transactions including transfers:</p><p><br /></p><p><br /></p><p>3,167 BTC worth $139,724,560 transferred from unknown wallet to Coinbase.</p><p>2,000 BTC worth $88,297,346 transferred from Coinbase to unknown wallet.</p><p>1,380 BTC worth $61,038,659 transferred from Coinbase to new unknown wallet.</p><p>2,250 BTC worth $100,136,748 transferred from one unknown wallet to another.</p><p>584 BTC worth $25,629,293 transferred from Binance to unknown wallet.</p><p>1,815 BTC worth $79,636,169 transferred from Kraken to Bitfinex.</p><p>In addition to BTC, there are recent whales transactions also in ETH worth $150 million while DOGE has almost $100 million transferred to an unknown wallet and $30 million XRP was found to be transferred to another crypto exchange.</p><p><br /></p><p>Among the reasons behind the whales' latest move is on the heels of the overall crypto global market cap seeing a decline today, so whales may be holding out for a potential surge in the overall market.</p><p><br /></p><p>If the Securities and Exchange Commission (SEC) approves the spot BTC ETF in the near future, the entire crypto market may see a significant increase and this may just be a preparatory step for the crypto wallet.</p>