USDC Is Back To Being The Top Token On The Ethereum Blockchain
March 29, 2023
Today we are looking at Whale activity for the top 100 crypto wallets and some “smart money” wallets on the Ethereum blockchain.
- USDC holds its position as the top sold and purchased token at $1M and $876K respectively.
- USDT is the second most sold and purchased token.
- It looks like there has not been much increase in whale activity on the Ethereum blockchain because compared to previous weeks, the current top two tokens have not yet reached the higher millions.
USDC is back to being the top sold and bought token, unlike last week. We think whales might have been rebalancing because of everything that went down with USDC these past few weeks.( Read Here). They are probably going back into USDC from USDT. Usually whales deal with stablecoins as a risk off move that offers security and a form of stability in this fluctuating market.
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