This is what nothing looks like. Crypto winter continues and Whales are hibernating

September 29, 2022

Today’s look at the top 100 ETH wallets.

  • Whales are net-buying USDC
  • And net-selling ETH 
  • We are not seeing anything with yield bearing tokens or protocols

While whale activity is still minimal, sentiment seems to still favor USDC. What would be interesting to look for in the future is what we are not seeing today… yield-bearing transactions. This could mean that whales are holding onto their yield-bearing tokens from earlier which has two possible implications: they are giving it time to see how it develops, or, it is successful and they are holding onto it.

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