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.
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