Crypto Whales Strategy in Weathering Market Volatility

What are they doing these days?

It’s not easy being a whale these days. The bigger your wallet, the harder it is to maintain. Nothing is more overwhelming than dealing with market volatility while your assets are dispersed in hundreds of assets, in half a dozen of chains, and in dozens of protocols.

So it’s no wonder when big wallets began to take a minimalistic approach in portfolio management as the market turmoil signifies. They’re downsizing. But how exactly?

Less is more

The most remarkable change is how much dApps they put their money in. It’s no longer a lot. For example, this wallet used to have dozens active protocol used with fund more than $50,000. Now, the lineup looks much simpler.

It’s a wise decision you may follow. Not only that having less dApps make it easier for your portofolio to manage, but it also protect you from risks related to sharp price actions. Liquidations are one of the example. There was also bad debt cases where lenders won’t be able to pull their liquidity from a protocol.

The safe stables

After what happened lately with UST de-pegging, people have learned that not every stablecoins are the same. Stablecoins strategies have…