With some of the biggest altcoin whales in terms of holdings, the focus of some investors has recently shifted to certain altcoins, while Bitcoin, the largest cryptocurrency, is on the decline. Sharing data on whales, Whale Stats shares the biggest coins whales buy the most and the small coins they trade the most. Here are the details…
These were the coins that whales bought and traded the most
Cryptocurrency whales have bought stablecoins pegged to the US dollar the most. According to Whale Stats data, whales bought $1.16 million USD Coins (USDC). He then bought Ethereum (ETH) for $46,500, Tether (USDT) for $9,615, Terra USD (UST) for $5,024, Dai (DAI) for $2,044 and The Sandbox (SAND) for $1,806. It is worth noting that in this list of stablecoins, only SAND and ETH are in operation without being based on a particular asset.
On the other hand, PAR Stablecoin (PAR) and DeGate (DG) are among the cryptocurrencies that whales have traded the most during the last 7 days and are small by market cap.
Bitcoin and altcoins are on the decline: Here is the latest situation in the market
While whales are making purchases, Bitcoin, the largest cryptocurrency with its market value, is falling, as we have also reported as Kriptokoin.com. The crypto market is once again covered in the red, with Bitcoin falling to its lowest level in the past few months. When the US Fed said it would raise the interest rate by 50 basis points, instead of the expected 75, last week, the Bitcoin price jumped and hit $40,000. However, the entity reversed its trajectory over the next few days.
At first, it dropped to $36,000. Although it managed to stay there yesterday, it’s gotten worse over the past few hours. This time, BTC dropped to $34,000 for the first time since Jan. 24. Naturally, the Bitcoin Fear and Greed Index has entered a deep “extreme fear” zone and there has been a significant change in the overall market sentiment.
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