Watch Out: Whales Start Selling On These Altcoins!

According to data provided by WhaleStats, some of the biggest wallet holders are up for sale on some altcoin projects.
 Watch Out: Whales Start Selling On These Altcoins!
READING NOW Watch Out: Whales Start Selling On These Altcoins!

According to data provided by whale-watching platform WhaleStats, some of the largest wallet holders have sold on some altcoin projects in the past 24 hours, including Binance’s stablecoin, Binance USD (BUSD). For details, continue reading Kriptokoin.com.

The top 10 altcoin projects that whales sell

Binance USD (BUSD) is followed by the stablecoin Tether (USDT) with approximately 291 thousand USDT, according to WhaleStats. It is followed by another stablecoin, USD Coin (USDC), with 219,000 USDC equivalent to one thousand dollars.

The leading altcoin Ethereum (ETH) is also among the cryptocurrencies that whales prefer to sell and ranks 4th in the best-selling list. Ethereum price is trading at $3,121, up 0.52% over the past 24 hours, according to data from CoinMarketCap. However, the leading altcoin is 36% away from its all-time high (ATH) of $4,891.

The Sandbox (SAND), the popular metaverse coin of recent times, ranks 5th among the cryptos that whales give up with its token sale equivalent to approximately 91 thousand dollars. At the time of writing, SAND was changing hands at $3.38. 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 price was trading at $0.00002436 at press time.

Aave (AAVE), a decentralized finance (DeFi) protocol that allows people to borrow and lend cryptocurrencies, is the 7th best-selling token. In the protocol, lenders earn interest by investing digital assets in specially created liquidity pools. Borrowers can then use their crypto as collateral to get a flash loan using this liquidity. AAVE is changing hands at $163, 75.5% below its $666 ATH.

Other top-selling altcoin projects by whales are Maker (MKR), ApeCoin (APE) and BarnBridge (BOND) Maker, MakerDAO and Maker Protocol’s governance token, and allow users to issue and manage the DAI stablecoin. gives. ApeCoin is an ERC-20 governance and utility token used in the APE Ecosystem to power and foster a decentralized community building at the forefront of Web3. BarnBridge is a kind of decentralized finance (DeFi) platform for creating NFTs.

Source: WhaleStats

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