March 8, 2023
- USDC holds its position as the top sold and top purchased token at $991k and $1M.
- What’s interesting about this week is stETH and USDP entering the top 3 tokens on the list. Following USDC, USDT is the second most purchased and sold token.
- It looks like there has been a small decline in whale activity because compared to previous weeks the largest transaction has reached the higher millions. Currently, the numbers are barely reaching the millions.
Although there has been a large increase in Bitcoin activity, USDC is still the top token because 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
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