Some of the largest Bitcoin, Ethereum and XRP whales on record are starting the week with a bang.
Whale watchers are monitoring two separate movements of 6,000 BTC worth a total of about $114 million from the crypto exchange Bithumb to a wallet of unknown origin. The ledger tracking bot Whale Alert spotted both transactions.
In an effort to prevent fear, uncertainty and doubt, the bot is designed to ignore internal crypto transfers handled by exchanges. If the two transfers are not Bithumb moving its own assets, they could be a trader or an institution shifting their BTC to a private wallet after a large buy order.