February 15, 2023
Image via WhaleStats
- USDC now holds its position as the top sold and top purchased token at $7.6M and $6M.
- Following USDC, USDT comes in at number two as the top sold and purchased token, yet another stablecoin. Perhaps because it is the safest option, to deal with stablecoins.
- It looks like there is a large jump in whale activity because compared to previous weeks the largest transaction has reached the higher millions.
Dealing with stablecoins is a risk off move that Whales have been utilizing for quite some time now. They offer security and a form of stability in this fluctuating market. To follow the whales, play it safe right now just as they are.
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