Since last week, macroeconomic factors attributed to the Russia-Ukraine crisis have wiped millions from the cryptocurrency market. Selling pressure has caused almost all altcoins to lose 20% more in the last 7 days. Bitcoin, Ethereum, Cardano, Solana and Ripple lost 20%, Avalanche and Polkadot close to 30%. In this article, let’s take a look at which altcoins/tokens the top 1,000 Ethereum whales are selling during the current correction.
Altcoin whales are selling these cryptocurrencies
Ethereum whales have sold 63 ETH in the past 24 hours, according to WhaleStats data. This is equivalent to $154k, and ETH has lost 11.79% in the same period. Further down the list are stablecoin giants such as USDT, BUSD and USDC. ETH whales sold $ 151,000 of stablecoins in this process. Another advanced stablecoin protocol, Frax Protocol (FRAX), is sixth on the whales list of best-selling tokens. Giant wallets sold $20,000 of FRAX tokens in a 24-hour timeframe. FTT, WBTC, FTM, MATIC and NU tokens round out the top 10 cryptocurrencies that whales have disposed of. The general view of the list is as follows.
- Ethereum (ETH)
- Tether (USDT)
- Binance USD (BUSD)
- USD Coin (USDC)
- Frax Protocol (FRAX)
- FTX Token (FTT)
- Wrapped Bitcoin (WBTC)
- Phantom (FTM)
- Polygon (MATIC)
- NuCypher (NU)
NuCypher (NU), which is at the bottom of the list, is a decentralized encryption, access control and key management system (KMS) . It also offers end-to-end encrypted data sharing on blockchains and decentralized storage solutions. At the time of writing, NU is trading at $0.4306 and has lost 9.66% in the last 24 hours, losing more than 20% from last week.
Whales largest token position by dollar value
FTX exchange’s native cryptocurrency, FTT Token, has the largest dollar position of the 1,000 largest ETH whales, according to data provided by WhaleStats. You can find the list of altcoins most bought by whales, which we have transferred as Kriptokoin.com.
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