As we enter the last trading day of the week, whales continue to buy various altcoins, according to data on ten chains. The data shows that whales are most heavily loaded into Tether (USDT), a US dollar-pegged stablecoin. Apart from that, small altcoins are also in the focus of whales. Here are the details…
Altcoin whales bought them in the last 24 hours
According to the ten chain data listed by Whale Stats, the largest 1,000 Ethereum whales have purchased $1.03 million USDT over the past day. On the other hand, Ethereum (ETH) $939,704 seems to have been thrown into the baskets as well. If we look at the other altcoins that whales buy the most, we see the following table:
- Tether (USDT)
- Ethereum (ETH)
- USD Coin ( USDC)
- Spell Token (SPELL)
- Binance USD (BUSD)
- UMA (UMA)
- Polygon (MATIC)
- Phantom (FTM)
- Shiba Inu (SHIB)
- Chainlink (LINK)
The most traded small altcoin’ Which ones happened?
Meanwhile, when looking at the most traded altcoins, the existence of coins such as PENDLE and ZUSD, which have been on this list for a while, is again evident. The full list of whales most traded coins is as follows:
- Pendle (PENDLE)
- Z.com USD (ZUSD)
- DOS Network Token ( DOS)
- SpiderDAO Token (SPDR)
- HYDRO TOKEN (HYDRO)
- Envoy Token (VOY)
- Curve.fi DAI/USDC/USDT ( 3Crv)
- GATE (GATE)
- AssangeDAO (JUSTICE)
- DeGate Token (DG)
What is the latest situation in the market?
After the recent price fluctuations as whales continue to buy the above altcoins, Bitcoin has calmed down on a daily scale and has remained above the $40,000 price tag ever since. Most altcoins are also relatively stagnant right now. Bitcoin’s volatility has been quite evident over the past few days, especially on Wednesday morning, when the cryptocurrency skyrocketed to around $3,000 within minutes and approached $42,000, as we reported on cryptokoin.com.
However, the asset just fell below $39,000, resulting in more than $200 million in liquidation. Then came the news from the US Federal Reserve about interest rates increasing by 25 basis points, which sent BTC down a thousand dollars before reversing all losses almost instantly.
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