Stable Coins Are The Safest Option During This Crypto Winter, According To Smart Money 

November

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November 3, 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.

  • USDT is the biggest purchase at about $500k 
  • ETH is a net-sell at $385k
  • It seems that Whales have continued to move into stablecoins and some staking

Whales are primarily holding stablecoins and coins for staking/yields. USDC is their top holding. The big Tether buy is likely to facilitate trading. Whale activity is still very minimal.

To follow the whales, play it safe for right now. They are mostly dealing in stable coins and basic staking (both safe) to earn easy yields during this crypto winter.

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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.

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crypto, crypto investing, crypto news, cryptocurrency, Investing

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