The war environment between Russia and Ukraine has plunged Bitcoin and traditional markets into despair, with double-digit losses seen across the altcoin market. On February 25, the selling pressure that emerged two days ago was perceived as an opportunity by many investors and the market started to rise in double digits again. In this environment, let’s list the coins/tokens that whales sell the most and hold for a long time, according to data provided by WhaleStats…
Whales park on these altcoins
The largest Ethereum whale tracked by WhaleStats, It keeps large amounts of FTX Token (FTT) and Shiba Inu (SHIB), especially ETH, and continues to accumulate. As Cryptokoin.com reported, during February, this whale class wallets made millions of purchases from a number of coins/tokens, mostly MATIC, SHIB, ETH and MANA. FTT and SHIB in particular have witnessed mind-blowing acquisitions by some investors among the top 100 whales. While the top three names in the whales’ HODL bag are ETH, FTT, and SHIB, we’re seeing stablecoin giants USD Coin (USDC) and Tether (USDT) next. Thus, the top 5 most HODLed cryptos consist of the following projects and rates.
- Ethereum (ETH) – $106 million
- FTX Token (FTT) – $1.4 million
- Shiba Inu (SHIB) – 1.3 million dollar
- USDC – $974k
- USDT – $599k
Popular stock market tokens BEST further down the list (BitPanda) and OKB (OKEx). Decentraland (MANA), the largest metaverse project by market value, has reached the top 10 in the HODL list with its whale purchases in recent months. The cryptocurrencies of the Crypto.com and BiTrue exchanges complete the list, while the overview is as follows.
- BitPanda (BEST)
- OKEx (OKB)
- Decentraland (MANA)
- Crypto.com (CRO)
- BiTrue (BTR)
Whale-divorced altcoin projects
While the selling pressure of the Russia-Ukraine war left the cryptocurrency market, almost all altcoins gained double-digit value today. Simultaneously, the top-selling cryptocurrency by whales consists of stablecoin giants such as USDT, USDC and BUSD. At the same time, popular altcoin projects such as MANA, SAND, OCEAN, and FTM were sold by whales.
The list of cryptocurrencies that whales sold the most in the last 24-hour period is as follows.
- Tether (USDT)
- Ethereum (ETH)
- USD Coin (USDC)
- Binance USD (BUSD9
- Chainlink (LINK)
- The Sandbox (SAND)
- Decentraland (MANA)
- Ocean Protocol (OCEAN)
- Phantom (FTM)
- Basic Attention Token (BAT)
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