The altcoin market remained relatively stagnant as bitcoin price bounced from intraday lows of $37,260 to above $39,000. Ethereum, Solana, BNB Coin, Cardano, and Avalanche are all set to complete the day with averages not exceeding 3%. The crypto market had reacted badly to the negative results of the third round of negotiations to end the war between Russia and Ukraine. While horizontal consolidation continues at current levels, it seems that ETH whales are selling tokens such as FTM, YFI, SRM and SAND in the process…
Altcoin whales sell these tokens
Data provided by WhaleStats, It shows that the top 1,000 Ethereum whales have sold out stablecoins such as USDT, BUSD, and USDC in the past 24-hour timeframe. Terra (LUNA), which completed the top 5 best-selling cryptocurrencies, lost 2.5% in the process. As Cryptokoin.com reported, the announcement of Andre Cronje, a prominent DeFi developer, to leave the industry, dragged the related altcoin projects Yearn.Finance (YFI), Solidly (SOLID) and Fantom (FTM) into a double-digit collapse. FTM is among the most sold tokens by Ethereum whales, as it was yesterday. The critical support level of $1.40 was breached today.
Further down the list are YFI and stablecoin DAI, impacted by Andre Cronje’s departure. The general view of the list with serum (SRM) and metaverse coin Sandbox (SAND) is as follows.
- Ethereum (ETH)
- Tether (USDT)
- Binance USD (BUSD)
- USD Coin (USDC)
- Terra (LUNA)
- Phantom (FTM)
- Yearn.finance (YFI)
- Dai (DAI)
- Serum (SRM)
- The Sandbox (SAND)
Whale wallets full of these altcoins
While the above tokens are the most sold in the last 24 hours, the WhaleStats chart below shows the lowest showing the HODL basket of the big 1,000 Ethereum whales. According to the data, we see that non-Ethereum giant wallets are full of exchange tokens, especially FTX Token (FTT) and Shiba Inu (SHIB). MANA and MATIC are functional cryptos preferred by whales.
With the above cryptocurrencies, the overview of the list is as follows.
- Ethereum (ETH)
- FTX Token (FTT)
- Shiba Inu (SHIB)
- USD Coin (UDSC)
- Tether (USDT)
- BirPanda (BEST)
- OKEx (OKB)
- Polygon (MATIC)
- Decentraland (MANA)
- SwissBorg (CHSB)
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