While Bitcoin (BTC) is hovering below $40,000, “extreme fear” is gripping the cryptocurrency market. Ethereum, Cardano, Luna, and Avalanche reacted with double-digit losses to the Fed's 50bps rate signals. Ethereum whales continue to accumulate altcoin projects such as Apecoin, Compound and Chainlink.
According to data provided by WhaleStats, the 1,000 largest Ethereum whales have traded in stablecoins such as USDC and USDT over the past 24 hours.
Interestingly, Wootrade (WOO), which sprouted from the launchpad of Kronos Research and aims to solve the liquidity problems of the cryptocurrency market, is at the top of the list with a purchase of $ 60,000 in a very short time frame.
Ethereum (ETH) has experienced a significant decline in this time frame compared to the past days. The leading cryptocurrency is in fourth place with 29 thousand dollars, and Apecoin (APE) completes the top 5 cryptocurrencies.
Here is an overview of the list, with RenBTC, UNI, COMP, LINK, and SHIB rounding out the last places, along with the altcoin projects above:
USD Coin (USDC)
Wootrade Network (WOO)
Shiba Inu (SHIB)
Top-buy small-volume altcoin projects
In the second part, let's list the most traded small-volume altcoin projects among Ethereum whales. These cryptocurrencies have a market capitalization of between $5 and $15 million. In the list, it is possible to find stablecoins such as PAR and XIDR.
The most traded small-volume altcoin projects among Ethereum whales:
FOAM Token (FOAM)
PAR Stablecoin (PAR)
DOS Network Token (DOS)
SpiderDAO Token (SPDR)
Whales buy these NFT tokens
The total transaction volume of the NFT market exceeded $50 billion in 2022. The chart below shows the most traded NFT tokens among Ethereum whales in the past 30 days.