As the altcoin market tumbled, USDC and XRP came to the fore with huge whale transactions. However, the biggest Ethereum whales are selling CHZ along with USDC.
Here are the best-selling altcoin projects whales
According to data provided by WhaleStats, whales are selling the most Ethereum tokens today. The data shows that ETH and staked Etehreum were the top selling tokens in the last 24. Third on the list, USDC is in trouble as it prepares for litigation. It seems that Ethereum whales also prefer to sell without further risk.
As Kriptokoin.com, we have covered the details of the Circle case in this article. USDC is now in fourth place with $850K sales in the last 24 hours. DAI and UDST stablecoins are next. The general view of the list is as follows.
- Ethereum (ETH)
- Lido Staked ETH (stETH)
- USD Coin (USDC)
- DAI (DAI)
- Tether (USDT)
- Chiliz (CHZ)
- Curve.fi FRAX/USDC (crvFRAX)
- Compound USD Coin (cUSDC)
- Compound Wrapped BTC (wBTC)
- Wrapped Bitcoin (wBTC)
Most bought altcoins
Whales prefer to sell sETH and USDC, while collecting Apecoin (APE). APE is one of the popular BAYC-backed metaverse coins. It was at the top of the list of altcoins that whales buy the most today.
Overview of the list:
- Apecoin (APE)
- Ethereum (ETH)
- USD Coin (USDC)
- Threshold Network Token (T)
Another altcoin filling whale wallets is XRP
With the above, whales’ XRP accumulation has increased since the SEC and Ripple submitted their moves for summary judgment. According to Santiment, the price ratio of XRP/BTC has reached a one-year high of 0.000025. The final rise was the result of the latest filings in the case. He added that active addresses holding 1 million to 10 million XRP have increased since late 2022. Earlier, we mentioned that whales showed a major switch from Ethereum to XRP last week. This request comes after ETH made a historic transition from PoW to PoS.
However, the XRP price managed to bounce around 50% in the last week. The reason for this is the spread of positive mood in the market regarding the outcome of the case. In the past weeks, the Digital Chamber of Commerce (CDC) took its first step to join the Ripple-SEC lawsuit. Court Judge Analisa Torres accepted the CDC’s offer on September 21. The CDC will now take part in court-friendly status in the case. This status allows knowledgeable persons to assist the court. The CDC currently has until September 26. This development, which strengthened the Ripple side, gave momentum to the XRP price.
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