January 4, 2023
- WETH continues to be the largest purchase, (from last week), now at $195k. Perhaps from selling NFT’s on the Solana chain to move elsewhere.
- USDT sees more activity than last week, as it is a net-buy at $165k.
- Whale activity is still minimal because no transaction is greater than $1M.
Overall, as we move into 2023, whales are mainly holding stablecoins. It is important to keep up-to-date with whale activity because their actions can fluctuate cryptocurrency markets, including individual crypto prices and market capitalization. To follow the whales, play it safe for right now. They are mostly dealing in stablecoins, and now WETH.
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