Bitcoin’s move of 40 thousand dollars last night was effective in the recovery of the altcoin market. On February 25, nearly all altcoins had double-digit gains at some point, with Terra (LUNA) hitting 50% of its last 7-day gain. While the upward trend in current price movements continues, let’s take a look at which coins/tokens the top 1,000 Ethereum whales are positioning this period, accompanied by data provided by WhaleStats.
Whales divest these altcoins/tokens
WhaleStats is an on-chain data provider that studies and publishes the 1,000 largest Ethereum whales. The platform tracks the largest Ethereum whales with an average valuation of $143,660.83 and an average of 40,453 ETH, 38 tokens and 1 NFT after excluding known exchanges and project wallets. Accordingly, the cryptocurrencies that Ethereum whales have sold the most in the last 24 hours start with ETH, USDC, MANA, LINK and AXS. You can find the best-selling cryptos by whales during the market rise of February 25, which we quoted as Kriptokoin.com. While yesterday the best-selling stablecoins were USDT, USDC and BUSD, today we see the disposal of metaverse coins.
Further down the list are Yearn.finance (YFI), Tether (USDT) and Sandbox (SAND). USDT was the top-selling cryptocurrency by whales on February 25. With these altcoins, the overview of the list is as follows.
- Ethereum (ETH)
- USD Coin (USDC)
- Decentraland (MANA)
- Chainlink (LINK)
- Axie Infinity (AXS)
- Yearn.finance (YFI)
- Tether (USDT)
- Sandbox (SAND)
HODL basket of whales
The chart below shows the top 1,000 Ethereum whale wallets with their share of cryptocurrencies accumulating. According to WhaleStats data, FTX exchange’s cryptocurrency FTT occupies 19.13% of these whale wallets, with USDC in second place with 11.82%. Earlier in February, we saw that the popular meme token Shiba Inu (SHIB) often tops this list. In the current distribution, whales hold more than twice the FTT Token of Shiba.
Looking at the general view of the table, Ethereum whales are the most HODLed the following cryptocurrencies.
- FTX Token (FTT)
- USD Coin (USDC)
- Shiba Inu (SHIB)
- Tether (USDT)
- Other tokens
- BitPanda (BEST)
- OKEx (OKB)
- Crypto.com (CRO)
- Decentraland (MANA)
- Chainlink (LINK)
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