The crypto market has shown signs of recovery in recent days and has witnessed a short-lived rally. However, it is unknown how long this spring weather will last. Seeing the rally as an opportunity, crypto whales increased trade in some altcoin projects. Among whales, Ethereum is among the most bought and sold altcoins, according to whale watching platform Whalestats.
Top three altcoins Ethereum whales sell
As you can follow from Kriptokoin.com, the market has made a recovery move recently. However, many analysts still continue to make bearish predictions. In this environment, Ethereum whales do not sit idle and evaluate trade opportunities.
On-chain whale watching platform Whalestats has shared the top-selling altcoins in the crypto market. In the first place is the leading altcoin Ethereum with 437 ETH ($ 518,827). At the time of writing, Ethereum was trading at $1,170, losing 4.49% in the last 24-hour period. However, Ethereum has managed to shoot over 10% in the last week.
Wrapped Bitcoin (WBTC) comes in second on the whales sale list with 11 coins ($223,192). Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) running on the Ethereum Blockchain. The performance of the Bitcoin-indexed altcoin project is in line with the leading crypto. WBTC fell 4.21% on a daily basis at press time to $20,871.
In third place is USD Coin (USDC), a stablecoin. Whales sold 10,000 USDC. Since it is very close to the one-to-one dollar equivalent, its value is around $10,010.
Three other projects that whales prefer to sell
It is followed by Woo Network (WOO). WOO Network is a deep liquidity network that connects traders, exchanges, institutions and DeFi platforms with democratic access to best-in-class liquidity and trading practice at lower or zero cost. WOO Token is used for staking and fee reductions on the network’s CeFi and DeFi products.
Next comes Ankr (ANKR). Altcoin is a decentralized blockchain infrastructure provider running a set of globally distributed nodes in more than 50 Proof-of-Stake (PoS) networks. This infrastructure powers a full suite of multi-chain tools for Web3 users while helping the crypto economy grow.
Finally, there is a gold-backed altcoin in the crypto ecosystem. Pax Gold (PAXG) is a gold-backed cryptocurrency released in September 2019 by the creators of Paxos Standard (PAX). An ERC-20 token running on the Ethereum Blockchain. Pax Gold can be traded on a wide variety of exchanges. Therefore, it has become an accessible way for traders to start investing in gold.
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