Whale Activity Declines On The Ethereum Blockchain Compared To Previous Weeks As Whales Rebalance USDC 

March 22, 2023

Today we are looking at Whale activity for the top 100 crypto wallets and some “smart money” wallets on the Ethereum blockchain. 

  • USDT holds its position as the top sold token at $750k.
  • USDC is the top purchased token at $1.3M.
  • It looks like there has been a decline in whale activity on the Ethereum blockchain, because compared to previous weeks, the current top two tokens have not yet reached the higher millions. 

USDC is now the top purchased token, while USDT is the top sold token. This may be a result of the whales rebalancing because of everything that went down with USDC these past few weeks.( Read Here). They are probably going back into USDC from USDT. Usually whales deal with stablecoins as a risk off move that offers security and a form of stability in this fluctuating market. 

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.


April 19, 2023

July 23, 2022

May 2, 2023

April 18, 2024

April 25, 2023

June 27, 2022

October 11, 2022

October 25, 2022

May 15, 2022


May 23, 2024

May 22, 2024

May 21, 2024

May 20, 2024

May 16, 2024

May 15, 2024

May 14, 2024

May 9, 2024

May 8, 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