With Bitcoin losing $30,000, the cryptocurrency market turned red again. Meanwhile, whales are accumulating LINK, YFI, UNI, SRM, and 2 metaverse coins while most altcoin projects are trading at lows.
Whales are selling these altcoins
The WhaleStats chart below shows which altcoins have sold the most in the last 24 hours. USDC and USDT top the list with sales of over $100,000 as stablecoins. In fourth place is WETH, which is used for DeFi transactions. Whales sold some WETH while the altcoin market was in a bearish trend. Later in the list, there is the popular Ethereum-based DeFi project Uniswap (UNI). UNI was involved in the sale for $299 in this process. Gaining popularity in the void of Terra UST, the PAR stablecoin was on the bestseller list today as whales tend to accumulate altcoins as the market plummets.
Utrust platform’s cryptocurrency UTK, which allows investments to accept payments in cryptocurrencies, is in the 7th place with a sale of $364. The general view of the list with the altcoin projects above is as follows.
- USD Coin (USDC)
- Ethereum (ETH)
- Tether (USDT)
- Wrapped Ethereum (WETH)
- Yearn.finance (YFI)
- ChainLink (LINK)
- Balancer
- Utrust Token (UTK)
- Uniswap (UNI)
- 1) )PAR Stablecoin (PAR)
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10 altcoins with the highest trading volume
In the second part, let’s take a look at which altcoin projects Ethereum whales are trading the most. The network’s native cryptocurrency, ETH, is next with $1.5 million. The stablecoins USDC and USDT round out the top three. FTT, the cryptocurrency of the FTX exchange, is in fifth place after SRM, with $ 239 thousand. The popular gaming cryptocurrency AXS completes the list at the last place with around $3,000.
List of most traded altcoins by whales:
- Ethereum (ETH)
- USD Coin (USDC)
- Tether (USDT)
- Serum (SRM)
- FTX Token (FTT)
- Wrapped Ether (WETH)
- Yearn.finance (YFI)
- Balancer (BAL)
- Chainlink (LINK)
- Axie Infinity Shard (AXS)
Most traded small cap altcoins
In the last part, let’s look at the most traded small cap altcoins among Ethereum whales. These altcoins have a market cap of between $5 and $15 million. PAR, a stablecoin, is a typical whale token in this category. Next up are cryptocurrencies that use cross-network transactions. Terra Blockchain’s stablecoin UST is fifth on this list with 313 transactions.
As we have covered in the news of Cryptokoin.com , the Terra ecosystem suffered a major collapse in early May. It is currently rebuilding with a new Blockchain. Overview of the list with UST:
- PAR Stablecoin (PAR)
- DeGate Token (DG)
- Governance OHM
- Balancer Aave Boosted StablePool (USD)
- Wrapped USTC Token
- Yearn Compounding veCRV yVault
