Crypto Whales are staying away
September 14, 2022
- Crypto whales are Net selling ETH and Tether, and slightly net buying USDC.
- Unsurprisingly, there is still little whale activity due to the crypto winter we are in.
- There is a little activity that further suggests experimenting with interest protocols (compound)
Whale activity is minimal, with the top bought/sold tokens list being only seven and four listings. Each amount is less than a million, meaning insignificant movement. What we can gather from what little movement there is, suggests a preference still for USDC. Surprisingly, Crypto whales are not holding on to ETH during the Merge. This means that they are more concerned with the possible downside from the Merge than the possible upside.
For more information on the Merge, go here!
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