Whales Moving to DeFi Amidst Price Crash

Wrapped Bitcoin (WBTC), used to invest in DeFi platforms, saw a spike in trading volumes by 148% (last 24 hrs) as the crypto market sank.

Amid major altcoins trading in  red, DeFi tokens such as Curve or Anchor Protocol seem to be giving better yields.

As per Whalestats, an ETH whale “BlueWhale0279″ added $14.29 million worth of 353 WBTC in the last 24 hours.

The Wrapped Bitcoin is standing in the top 10 coins purchased in the last 30 days by the biggest of the ETH whales.