The past 24 hours had a quiet market structure with no high volatility, with Bitcoin and most altcoin projects trading above strong support levels. Since last week, Bitcoin has lost 4.9%, Ethereum 6.3%, while Terra (LUNA) has fallen more than 10% in the process. Data provided by WhaleStats shows that ETH whales are selling off APE, UNI, MANA and SHIB as the market bleeds.
Whales are selling these altcoin projects
The WhaleStats chart below shows the top 10 cryptocurrencies that have left the top 1,000 whale wallets in the past 24 hours. Interestingly, Apecoin (APE) has been losing traction in the last few days following million whale purchases, while USDT, ETH and USDC round out the top 3. UNI, MANA and SHIB are at the bottom of the list with sales of approximately $10,000, while liquidity protocol Bancor is in 10th place with $2.6k.
Top selling tokens in the last 24 hours with the above altcoin projects:
- Tether (USDT)
- Ethereum (ETH)
- USD Coin (USDC)
- Apecoin (APE)
- Uniswap (UNI)
- Decentraland (MANA)
- Shiba Inu (SHIB)
- TrueUSD (TUSD)
- Kyber Network Crystal v2 (KNC)
- Bancor (BNT)
Last 7 days Top-selling cryptocurrencies
Since last week, the following altcoin projects have been the most sold by Ethereum whales along with FTX and SRM.
Whales are sacrificing these altcoins
TUSD, KNC and BNT, which are separated from whale wallets, offer the following functionality, as we have also reported as Kriptokoin.com.
- TrueUSD (TUSD); A regulated, exchange-independent stablecoin backed by a 1-to-1 dollar.
- Kyber Network Crystal v2 (KNC) is a blockchain-based liquidity protocol that aggregates liquidity from a wide variety of reserves, supporting instant and secure token exchange in any decentralized application.
- Bancor (BNT) is an on-chain liquidity protocol that provides continuous convertibility between tokens. Conversions using Bancor are made against on-chain liquidity pools that use automated market makers to price and process transactions without ledgers or counterparties.
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