- Hibernation. According to Whaletstats, the top 100 whale wallets do not show much activity. They seem to be hibernating and waiting out this crypto winter.
- Net Selling. Whales are net selling in general. They are predominantly selling USDC, MANA, SAND and USDT.
- The one exception. Of what little activity is showing (most of which is selling), ETH is the only coin whales are buying.
Whale wallets meaning: We’re seeing the turnaround of this bounce (sorry bulls) which makes sense that whales would sell. Overall, there isn’t a lot of activity because we are, in the end, in a crypto winter. However, to buy anything during these conditions would mean real potential value. Whales see something in ETH, even if it’s only anticipation of The Merge.
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