Stable Coins Are The Safest Option During This Crypto Winter, According To Smart Money
November 3, 2022
Hello Bubble Riders!
Today we are looking at Whale activity for the top 100 crypto wallets and some “smart money” wallets on the Ethereum blockchain.
Let’s start with data from whalestats.com. The relevant portion is contained in these two lists–top coins sold and purchased.
- USDT is the biggest purchase at about $500k
- ETH is a net-sell at $385k
- It seems that Whales have continued to move into stablecoins and some staking
Whales are primarily holding stablecoins and coins for staking/yields. USDC is their top holding. The big Tether buy is likely to facilitate trading. Whale activity is still very minimal.
To follow the whales, play it safe for right now. They are mostly dealing in stable coins and basic staking (both safe) to earn easy yields during this crypto winter.
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