February 1, 2023
Image via WhaleStats
- USDC continues to hold its position as a net-sell (since last week) now at $538k
- It looks like there is less whale activity as no transaction is greater than $1 million and most of the numbers are not in the higher thousands.
- USDC is also the top purchased coin at $732k. Perhaps because it is the safest option, to deal with stablecoins. Following USDC’s lead is DAI, coming in second as the most purchased coin at $135k.
Whales are still playing it safe as they are dealing with stablecoins as a risk-off move to prevent potential losses. As a result of the ongoing market conditions, keeping up-to-date with what whales are doing might help as we may want to follow their next steps.
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