Whales, the biggest investors with the amount of altcoins in their portfolio, continue to make transactions with various cryptocurrencies. In this article, we will present the altcoins that whales trade the most according to their trading volume…
Which was the 10 most traded altcoins?
The largest Ethereum wallets have bought and sold the most stablecoins over the past day, according to Whale Stats, which provides on-chain data. As we reported at Kriptokoin.com , stablecoins are coins that are based on a specific asset and pegged at a ratio of 1:1. Whales bought and sold $190,000 USD Coin (USDC), while $106,000 Tether (USDT) transactions were carried out. Whales also traded WOO, PAXG, and Ethereum (ETH) with an average of around $5,000.
, followed mostly by altcoins for decentralized finance, play-to-earn and metaverse areas such as AAVE, UTK, GHST, SNX and GALA. operation is observed.
Small altcoins with market cap were also in the focus of whales
Whale Stats also shared the small altcoins that whales trade the most. Small market cap altcoins are coins with small market caps compared to their larger counterparts. There is information that the market value of small altcoins is usually in the range of 5-15 million dollars. With a market cap of over $500 million, cryptos are widely circulated and marketed, earning the label ‘big coins’.
With the issue of which coins are considered large and which coins are considered small, we can return to the Whale Stats data. According to the data, major investors traded PAR, DG, gOHM, bb-a-USD, USTC and yvBOOST.
What is the latest situation in the market?
Following the end of March, Bitcoin has increased by more than $10,000 in just 14 days. The asset then started making the longest reversal in terms of weekly candles. At the beginning of May, Bitcoin equaled the record of 6 consecutive red candles before it was broken, and recorded its 9th position last week. Over that time frame, the asset lost nearly $20,000 in value and fell to its lowest level in a year and a half.
Meanwhile, altcoins have recently mimicked BTC’s performance and Ethereum dropped from $2,000 to just below $1,800. As of now, the second largest crypto has approached the second after a small daily increase. BNB is in a similar position as yesterday, close to $300. Cardano, Ripple and TRON are seeing insignificant daily gains, while Dogecoin, Polkadot and Shiba Inu are trading with minor losses. The crypto market cap has remained pretty calm at just over $1.2 trillion.
