The cryptocurrency market is getting rid of the selling pressure attributed to macroeconomic factors, with European markets rising slightly on February 23. So much so that AVAX and LUNA have made their last 24-hour gains in double digits, with market leaders BTC and ETH fluctuating around +5%. In this process, one of the statistics to be curious about is which altcoins/tokens the whales are selling. Let’s examine the WhaleStats data and take a look at what Ethereum whales have been up to during the last 7 days…
Ethereum whales are selling these altcoins/tokens
During the day, whales sold 397 ETH. That exceeds $1 million in fiat and has lost more than 10% in value over the same period. Later in the list, stablecoin giants USD Coin (USDC) and Tether (USDT) appear. It has the largest trading volume of the cryptocurrencies market pegged to the dollar. Today, whales have sold massive amounts ($130,000) of USDT in the last 24 hours as the altcoin market is on the rise. Binance’s stablecoin reserve ranks fourth after BUSD, USDC and USDT. The top thousand Ethereum whales have sold over 3,000 FTX Tokens (FTT) in the past week, placing the exchange token fifth on the list. Thus, the top-selling altcoins by whales in the last 7 days are
- Ethereum (ETH)
- USD Coin (USDC)
- Tether (USDT)
- Binance USD (BUSD)
- FTX Token (FTT)
Other coin/ tokens consist of SRM, MATIC, WBTC, MANA and SUSHI. Serum (SRM), backed by FTX CEO Sam Bankman-Fried and also a member of the Solana ecosystem, was the 6th best-selling altcoin by whales since last week. SRM price lost 17% in this process. In seventh place is Polygon (MATIC), which witnessed the purchase of loaded whales at the beginning of February, as we have mentioned in the news of Kriptokoin.com. The leading Ethereum scaling solution has sold 25,238 by the first thousand ETH whales. In the process, the MATIC price has lost more than 15%. If we look at the overview of the list, the top-selling cryptos by whales are complemented by the following altcoin projects.
- Serum (SRM)
- Polygon (MATIC)
- Wrapped Bitcoin (WBTC)
- Decentraland (MANA)
- SushiSwap (SUSHI)
52000
