Here Is Our Analysis On The Top Whales: There Is A Small Decline In Whale Activity As Numbers Are No Longer In The Higher Millions

March 8, 2023

  • USDC holds its position as the top sold and top purchased token at $991k and $1M. 
  • What’s interesting about this week is stETH and USDP entering the top 3 tokens on the list. Following USDC, USDT is the second most purchased and sold token. 
  • It looks like there has been a small decline in whale activity because compared to previous weeks the largest transaction has reached the higher millions. Currently, the numbers are barely reaching the millions. 

Although there has been a large increase in Bitcoin activity, USDC is still the top token because dealing with stablecoins is a risk off move that Whales have been utilizing for quite some time now. They offer security and a form of stability in this fluctuating market

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