Whales Are Making A Splash! Here Is What The Latest Whale Activity Shows!
Sep 7th, 2022
- During the Winter, crypto whale activity is expected to be as low as we are seeing.
- Relatively, Whales are net-selling much more than buying for ETH and USDC.
- The top 100 wallets show what is likely a continuing experiment with interest bearing tokens on Compound and Aave (with cETH, aWETH, cUNI, and aWBTC)
What this means
t is interesting to see a net-sell for Ethereum at a size other than “dust”. Remember, anything smaller than $1M is insignificant for any serious “crypto whale activity”. We’ve been seeing, and can still get some insights from, “dust” size transactions, but today we see a tail splash if you will. This could be a move to de-risk from ETH.
Otherwise, it looks like some testing is still being done on liquidity pools from Aave and Compound.
If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.
Join us on Discord for live chat and daily updates. Find us on Twitter too