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Bitcoin
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Bitcoin price
Ethereum
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$3,862.99 -1.06703
Ethereum price
BNB
BNB (BNB)
$714.04 -1.72625
BNB price
Solana
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$217.94 -2.63375
Solana price
XRP
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$2.40 -0.8411
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Shiba Inu
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Bonk
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$0.0000363 -4.64567
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dogwifhat
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$2.82 -3.13886
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Popcat
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$1.09 -9.40281
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Bitcoin
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$101,171.00 -0.1813
Bitcoin price
Ethereum
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BNB
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$714.04 -1.72625
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$217.94 -2.63375
Solana price
XRP
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$2.40 -0.8411
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Shiba Inu
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Bonk
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Bitcoin
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Ethereum
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$3,862.99 -1.06703
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BNB
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$714.04 -1.72625
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Solana
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$217.94 -2.63375
Solana price
XRP
XRP (XRP)
$2.40 -0.8411
XRP price
Shiba Inu
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$0.0000273 -3.28962
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -6.01502
Pepe price
Bonk
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$0.0000363 -4.64567
Bonk price
dogwifhat
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$2.82 -3.13886
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Popcat
Popcat (POPCAT)
$1.09 -9.40281
Popcat price

Whales are selling less as the market shows signs of recovery

whales-are-selling-less-as-the-market-shows-signs-of-recovery
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News
Whales are selling less as the market shows signs of recovery

Data shows that crypto whales are busy purchasing digital currencies while the market indicates signs of a comeback within the past few days.

According to the on-chain data provider Unusual Whales, more than half of the top crypto whales — roughly 54.2% — are accumulating assets. The remaining 45.8% are selling their virtual currencies at the time of writing.

Whales are selling less as the market shows signs of recovery - 1
Source: Unusual Whales

Of this tally, around 28% of the whales are holding bitcoin (BTC). 71.4% are holding ethereum-based (ETH) tokens, such as ERC20 assets. Moreover, according to Unusual Whales, the remaining 0.6% are accumulating dogecoin (DOGE).

Whales are selling less as the market shows signs of recovery - 2
Source: Unusual Whales

Data shows that the most favorite trading pair for the top whales remains ETH/BTC with a concentration of 64.3%. BTC/USD counts for roughly 9.2% of the trades, while BTC/USDT remains the second favorite with an 18.8% engagement.

Whales are selling less as the market shows signs of recovery - 3
Source: Unusual Whales

According to Unusual Whales, the top two crypto exchanges for the largest movers are Binance and Bitfinex, with 72.3% and 27.7% of the trades, respectively.

The movements come as the top 10 cryptocurrencies have been soaring within the past week, according to crypto.news market cap data. The top earner in the past seven days is solana (SOL), with 62.2% gains in the mentioned timeframe.

It’s important to note that the total crypto market cap has risen from around $800 billion to nearly $850 billion since the start of 2023.