January 18, 2023
- USDC is the largest purchase at $466k. Perhaps because it is the less risky move.
- Although no transaction is greater than $1 million, there is a small jump in activity. USDC and USDT (both stablecoins) are the top two coins.
- Whales have continued to deal with stablecoins as a risk-off move to prevent potential losses. The ongoing market conditions have led crypto whales to avoid riskier assets.
Overall, it looks like whales have continued to play it safe for now as they remain on the sidelines of the fluctuating market. As we move further into this new year, you may want to keep up-to-date with what whales are doing as we may want to follow their next steps.
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