Crypto whales prefer to trade risky assets on the newly launched Coinbase’s Base network.
Coinbase’s Base network, which the entire crypto market has been eagerly awaiting, has gone live. Base has managed to attract attention with the efficient blockchain technology it offers. Crypto whales that started trading on Base, on the other hand, show a different progression. The 22 whales Nansen has on his radar are trading memetokens and risky assets on the Base network. Cryptocurrencies in the interest of whales surprised.
Base attracts whales differently
Base, Coinbase’s blockchain venture, has officially gone live. Base began to attract whales. But whales trade differently on the Base network. This trade usually takes place on risky assets.
Crypto data platform Nansen has revealed that 22 whales prefer high-risk cryptocurrencies over the newly launched Base. The 22 wallets with the highest trades on Base traded ARB, RLB, PEPE, TOSHI, HarryPotterObamaSonic10Inu and BALD.
Whales also traded for UNIBOT, a cryptocurrency owned by the Telegram bot. Nansen stated that these whales moved more than 100 ETH to the Base network using the bridge method.
Nansen analyst Niklas Polk interpreted the whales’ actions on Base as memetoken bias. According to Polk, the new Base network had no other choice but memetokens, and most whales opted for this method.
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