Whale Activity: Investing In Stablecoins And NFTs As Ethereum Rises Towards $1,900
Hello Bubble Riders! Here is this week’s analysis of on-chain wallets – the largest 100 on Ethereum. Let’s dive in.
Apr 5, 2023
- Most of the activity for bought and sold tokens are USDC and USDT, at $800k – $1M transaction size.
- The remaining transactions are less than $100k.
- Ethereum has recently been rising, so whales may be buying SAND and MATIC in anticipation of NFT’s lagging behind.
Overall, whale activity is minimal and consists mainly in stablecoins.
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