Whale Insights from Stablecoin Balances

Image 1:

🔼Whales are increasing their stablecoin holdings, surging 31% as of Dec 11. Possible reasons:

- ✔️ Selling coins on CEXs and withdrawing to wallets (see Image 2)

- ✔️ Swapping coins for stablecoins on DEXs (Insignificant per CVD data)

- ❓Depositing fiat into crypto?

Image 2:

iCrypto categorizes whales as:

- Type A ($1–$10M): Frequently move stablecoins to CEXs, driven by FOMO.

- Type B ($10–$100M): Agile and market-responsive ❤️

- Type C (≥$100M): Have been withdrawing stablecoins to their wallets for storage since Nov 👍. This suggests they sold coins during the recent market rally and might be long-term holders.

What about you?

What insights do you have about whale behavior? Let’s share perspectives and uncover more together!