Bitcoin’s (BTC) price drop that started on March 2 deepened below $40,000 on March 4. BTC, which was traded below critical levels throughout the weekend, started the new week with red. Huge-volume altcoins such as Ethereum, Solana, Avalanche and Cardano, which are in the top 10 according to their market value, have been overcoming the selling pressure of the last days with small losses. In this article, let’s take a look at how Ethereum whales are positioning in current market conditions. Let’s answer which altcoin projects the whales are selling in the last 24 hours…
Ethereum whales are selling these altcoin/tokens
Top 1,000 Ethereum whales, non-Ethereum (ETH) USDT in the past 24 hours disposed of stablecoin giants such as USDC and BUSD. In this process, whales selling stablecoins of about $ 500 thousand are also moving away from popular altcoin projects such as Polygon (MATIC) and Phantom (FTM). As we reported as Kriptokoin.com, the announcement of Andre Cronje, one of the well-known DeFi developers, that he would leave the industry, triggered a collapse that reached 15% on Fantom. FTM price fell an additional 5% to $1.40 today.
Sixth on the list is BarnBridge (BOND), which aims to offer a cross-platform protocol for tokenization risk. TrueUSD (TUSD) is another stablecoin that whales are selling in 24 hours. Sandbox (SAND), the metaverse coin representative of the list, saw sales of 11 thousand dollars from the first 1,000 whale wallets in this process. An ERC20-based 3X Short Bitcoin Token (BEAR) is in last place, seeking a return that corresponds to -3x the daily return of Bitcoin on the FTX exchange. The overview of the list with these tokens is as follows.
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Binance USD (BUSD)
- Polygon (MATIC)
- Phantom (FTM)
- BarnBridge (BOND)
- TrueUSD (TUSD)
- Sandbox (SAND)
- 3X Short Bitcoin Token (BEAR)
The largest token position of whales in dollar terms
The cryptocurrency with the highest total dollar value among the largest 1,000 Ethereum whales is the native token of the FTX exchange’ i FTT. In this ranking, FTT and Shiba Inu (SHIB) are sometimes placed first.
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