According to data provided by whale watching platform WhaleStats, whales have gone on sale in some altcoin projects in the last 24 hours, notably the leading altcoin Ethereum (ETH).
The top 10 altcoin projects that whales sell
, WhaleStats reports, is followed by the stablecoin UCD Coin (USDC), with around $1,124,116 worth about $1,125 million USD. It is followed by another stablecoin, Tether (USDT), with 726k USDT equivalent to $726,000.
Cahainlink (LINK), a Blockchain abstraction layer whose stablecoins provide universally connected smart contracts, ranks 4th. According to CoinMarketCap data, LINK price is trading at $13.94, up 2.8% over the past 24 hours. However, the altcoin is 73.49% away from its all-time high (ATH) of $52.88.
Maker Protocol and Dai (DAI), an Ethereum-based stablecoin managed by the MakerDAO decentralized autonomous organization, ranks 5th in whale sales. The price of DAI is softly pegged to the US dollar. Every time a new DAI is minted, it is secured by a mix of other cryptocurrencies deposited in smart contract vaults.
The cute dog-themed meme coin project Shiba Inu (SHIB), which is often on the agenda with whale purchases, is also among the altcoin projects that whales sell. SHIB was trading at $0.00002582 at press time. Binance Smart Chain’s stablecoin, Binance USD (BUSD), is the 7th best-selling altcoin project after SHIB.
BUSD is followed by another stablecoin, Gemini Dollar (GUSD). The world’s first regulated stablecoin, Gemini Dollar combines the credibility and price stability of the US dollar with Blockchain technology and oversight by US regulators. The 24-hour trading volume for the Gemini Dollar was $4,590,818.
Axie Infinity (AXS), one of the most popular metaverse altcoin projects, ranks 9th among the cryptos that whales give up with token sales equivalent to approximately $19,000. At the time of writing, AXS was changing hands at $47.72, up 3.26% on a daily basis. In last place is Fantom (FTM), a directed acyclic graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
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