Since last week, double-digit losses have been seen in the cryptocurrency market after the Fed announced that it would tighten its interest rate policies. While Bitcoin (BTC) broke $43 thousand after $44 thousand, there was a large increase in the amount of BTC entering the exchanges, and as a result of selling pressure, the amount of USDT leaving the exchanges reached its peak. In this article, let’s take a look at how Ethereum whales are positioning in current market conditions. Whales have sold most of these altcoin projects in recent days.
Here are the altcoins disposed of by whales
According to data provided by WhaleStats, the whales WOO, APE, GALA, and OGN have been separated by wallets in the last 24 hours. Aiming to solve liquidity problems, Wootrade Network (WOO) is the 4th best-selling token with sales of approximately $22,000. Later on the list are Apecoin (APE) and Gala Games (GALA) with sales of 10 thousand dollars. USDC, USDT, DAI, USDT and USDP are the top selling stablecoins in this time frame. Interestingly, OriginToken (OGN), a platform for creating DEX, has been in sales for around $10k in this timeframe and completes the list at 7th place.
Overview of the list with the above cryptocurrencies:
- Ethereum (ETH)
- USD Coin (USDC)
- Tether (USDT)
- Wootrade Network (WOO)
- Apecoin (APE)
- Gala Games (GALA)
- OriginToken (OGN)
- DAI (DAI)
- Wrapped UST Token (UST)
- Pax Dollar (USDP)
Top 10 selling since last week altcoin
Looking at the top selling tokens in the last 7 days time frame, it can be seen that typical whale tokens such as SAND and SRM have been added to the list. Whales have sold approximately $1.7 million worth of STMs and $623,000 SAND since last week. While Apecoin completed the list last at $ 193 thousand, it took part in the purchase of $ 275 thousand in this time frame. FTX exchange’s native cryptocurrency, FTX Token (FTT), is in third place with $5.4 million in sales. As Cryptokoin.com reported, the largest dollar position among the top 1,000 Ethereum whales is now held by Shiba Inu (SHIB), which has surpassed FTT by 2%.
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