Whales Are Net-Buying ETH
September 21, 2022
- Whales are net-buying ETH after The Merge, as well as interest supplying USDC (Aave)
- These top 100 wallets are also net-selling Tether and Circle’s USDC
- Important to note, activity is low. As the Whales are net-buying ETH, the largest transaction is less than $1M, with most transactions selling.
Crypto markets are generally downward (with the rest of the world) so transactions are limited and favor selling. The good news is that crypto adoption worldwide is on the rise. If we are at, or heading towards, a low point – which is a good time to buy, remember – then we should see a much broader participation in the next bull run, which is very exciting!
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