The structure of price action in the crypto market is the oscillation between dumping and rising. Everyday there’s been thousands of transactions per minute between wallets. This is a regular routine in the crypto industry as investors can earn through trading which eventually ends in transactions.
The blockchain technology is used for transactions which perform within seconds that initially grabbed the attention of users at the early-stage of crypto space. Utilizing the technology, traders exchange their cryptocurrencies between trading platforms. As blockchain-technology is integrated, it produces fast transactions to the users where millions of cryptocurrencies are transacted in a day.
Significantly, the crypto industry has a tradition which occurs when major cryptocurrencies are dipping in price value. When the market crashes a huge amount of potential crypto tokens will be bought for safeguarding the tokens. While these tokens will be used to produce profit when the price value surges high. Whales are anonymous which transfers a bulk amount of cryptocurrencies to an unknown wallet when the prices are dumped.
Consequently, several whales have transferred a huge number of Bitcoins to other wallets and even other mainstream cryptocurrencies are into the list. Thus, whales follow this process regularly whenever the market crashes. Currently a whale has transferred 6,000,000 SAND coins from one unknown wallet to another unknown wallet.
SAND Worth Of $26,484,103
Following many transactions from whales, now, shifting SAND has joined the list. Recently, a whale has transferred 6,000,000 SAND which is worth $26,484,103. This transaction is made from an unknown wallet to another unknown wallet.
🚨 🚨 6,000,000 #SAND (26,484,103 USD) transferred from unknown wallet to unknown wallethttps://t.co/6h8vQN7YVK
— Whale Alert (@whale_alert) February 5, 2022
The official Twitter account Whale Alert has posted regarding the transaction of whales between wallets. According to the bio of the account, it is an advanced blockchain tracker and analytics system which announces interesting transactions as they happen.
Furthermore, Whale Alert has already shared several interesting transactions of whales shifting different cryptocurrencies. This whale transaction still continues and it will occur until the very end day of crypto existence. Therefore, crypto users need to be updated about the current market news to know interesting facts that occur instantly.
