As Christmas Approaches, The Crypto Winter Persists: Whales Continue to Hold Stablecoins

December 21, 2022

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

Let’s start with data from whalestats.com. The relevant portion is contained in these two lists–top coins sold and purchased.

USDC and USDT are continuing to be net-buys. (since last week)
There is minimal whale activity because the top bought and sold tokens are stablecoins, and no transaction is greater than $1M.
It looks like there is a strong preference for USDC over Tether, which makes sense.

In sum, comparing whale activity from last week to this week, it looks like there is still minimal whale activity. As this year is coming to an end, to follow the whales, play it safe for right now. They are mostly handling stablecoins, particularly Circle’s USDC, during this very long crypto winter.

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
Join our free weekly "Bubble Bulletin" for more
2
Join us on Discord for live chat and daily updates
3
Follow us on Twitter
4
Share this content using the buttons below :

Disclaimer

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.

TAGS:

#whales, crypto, crypto news, Investing

January 17, 2023

AOTB Performance Review: Despite FTX’s Catastrophe, Our Portfolio Outperforms by 72%. Good Strategy Is Better Than “Big Money”

October 4, 2022

As Christmas Approaches, The Crypto Winter Persists: Whales Continue to Hold Stablecoins

December 21, 2022

NFT’s Lag The Crypto Market; Momentum Is Still Weak In Most Tokens

How A New Ethereum Product Will Give You Free Money: The ETH Fountain

Our Analysis On The Crypto Market’s Recent Spike As The CMC Reaches $1.16 Trillion

Our Flagship Portfolio Outperforms The Benchmarks by 53% Since 2022 While Smart Money Has A Lot To Improve In

NFT’s Show A Decline In 7D & 30D Prices; We Will Not Be Buying

Rumor Bought, News Sold, Now Buy Again! Whales Are Net-Buying ETH After A Successful Merge

AOTB Performance Review: Despite FTX’s Catastrophe, Our Portfolio Outperforms by 72%. Good Strategy Is Better Than “Big Money”

Buy Yourself A Nice Dinner: Our NFT Portfolio Returns Money Even In A Crypto Winter!

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

Cardano Spikes In the Second Quarter of 2023

AOTB Performance Update: Our CCA Strategy Outperforms Benchmarks By 96%

AOTB Performance Update: Our CCA Strategy Outperforms Benchmarks By 98%

Binance Announces Their Last Token Burn

Chat Gpt Sentiment Portfolio Update; XLM Now Has The Best Sentiment

AOTB Performance Update: We Outperform The Benchmarks by 102% Since 2022!

LTC is One of the Best Performing Currency in the Crypto Industry as it Approaches its Halving Event

Chat Gpt Sentiment Portfolio Update; BTC Has The Best Sentiment

Google Play Is Introducing A New Policy Regarding NFT’s, Here’s What You Should Know