Activity Is Minimal As Whales Continue to Move Risk-Off: USDC, USDT and DAI Are The Top Coins

February 1, 2023

Image via WhaleStats 

  • USDC continues to hold its position as a net-sell (since last week) now at $538k
  • It looks like there is less whale activity as no transaction is greater than $1 million and most of the numbers are not in the higher thousands. 
  • USDC is also the top purchased coin at $732k. Perhaps because it is the safest option, to deal with stablecoins. Following USDC’s lead is DAI, coming in second as the most purchased coin at $135k. 

Whales are still playing it safe as they are dealing with stablecoins as a risk-off move to prevent potential losses. As a result of the ongoing market conditions, keeping up-to-date with what whales are doing might help as we may want to follow their next steps.

If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.

Join us on Discord for live chat and daily updates. Find us on Twitter too.

You found this content helpful ?

  1. 1
    Join our free weekly "Bubble Bulletin" for more
  2. 2
    Join us on Discord for live chat and daily updates
  3. 3
    Follow us on Twitter
  4. 4
    Share this content using the buttons below :


This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.


November 23, 2022

March 27, 2023

January 9, 2023

September 26, 2022

July 21, 2022

April 6, 2023

December 18, 2022

January 19, 2023

August 17, 2022


July 18, 2024

July 17, 2024

July 15, 2024

July 11, 2024

July 10, 2024

July 9, 2024

July 8, 2024

July 4, 2024

July 3, 2024

What do do now?

Join the free 1.2 Labs "Bubble Trading" Bulletin for new trading strategies, macro & sentiment analysis and occasional free airdrops