Whales Sell These Altcoins: HODL Them!

WhaleStats data shows stablecoins leaving whale wallets, some altcoin projects added to HODL basket...
 Whales Sell These Altcoins: HODL Them!
READING NOW Whales Sell These Altcoins: HODL Them!

The cryptocurrency market returned some of its gains from the week earlier today. Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) have lost nearly 5% in value over the past 24 hours, with the total crypto market cap falling below $1.9 trillion. Meanwhile, Ethereum whales are divesting a number of altcoin projects, notably FTX Token (FTT), Polygon (MATIC), and Axie Infinity (AXS), according to WhaleStats data. Cryptokoin.com is providing the details…

Ethereum whales divest these tokens

Data provided by WhaleStats shows that stablecoin giants USDC, USDT and BUSD are leaving whale wallets, with the exception of Ethereum (ETH) . Further down the list are FTT, the native cryptocurrency of the FTX exchange, and FTM from the Fantom network. While MATIC, CRV and AXS are the other best-selling tokens in the last 24 hours, we see BEST, the cryptocurrency of the BitPanda exchange, at the bottom of the list. The top 1,000 Ethereum whales have sold the following amounts of tokens in the past 24 hours.

With more than $1 million in sales on ETH and USDC, the overall view of the list is as follows.

  • Ethereum (ETH)
  • USD Coin (USDC)
  • Tether (USDT)
  • Binance USD (BUSD)
  • FTX Token (FTT)
  • Phantom (FTT)
  • Polygon (MATIC)
  • Curve (CRV)
  • Axie Infinity (AXS)
  • BirPanda (BEST)

HODL basket of altcoin whales

Current WhaleStats chart shows that whales hold USD Coins at the highest excluding ETH. In the recent analyzes we quoted as Kriptokoin.com, we have seen that FTX Token (FTT) and Shiba Inu (SHIB) are generally in the first place in the HODL list. Current data shows that ETH whales are taking refuge in the stablecoin port, which is thought to be temporary. FTT and SHIB account for 13.03% and 12.56% of whale wallets, respectively, while the top 5 HODLs are complemented by USDT and other tokens.

The list of cryptocurrencies preferred by whales for HODL is as follows.

  1. USD Coin (USDC) – 13.22%
  2. FTX Token (FTT) – 13.03%
  3. Shiba Inu (SHIB) – 12%, 56
  4. Tether (USDT) – 9.85%
  5. Other tokens – 9.77%
  6. Polygon (MATIC) – 3.16%
  7. Wrapped BTC (WBTC) – 3.13%
  8. Decentraland (MANA) – 2.82%
  9. BitPanda (BEST) – 2.81%
  10. OKEx ( OCD) – 2.65%

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