As the broader cryptocurrency market hovers at a crucial technical threshold, momentum is picking up with numerous whales transferring hundreds of millions of dollars worth of crypto.
The largest cryptocurrency soared to as high as $10,434 in the last 24 hours, according to CoinMarketCap. Ethereum is also showing signs of strength, with the second-largest cryptocurrency climbing to a 24-hour high of $376.63.
As the value of the largest two cryptocurrencies grows, a number of high-net-worth crypto holders are coming alive.
One whale in particular moved 8,500 BTC worth $88.3 million from the crypto exchange Binance to a wallet of unknown origin.
— Whale Alert (@whale_alert) September 11, 2020
Meanwhile, another anonymous whale moved 220,726 Ethereum (ETH) worth $81.9 million between unknown wallets in a single transaction.
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