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How BTC, ETH, and USDT whales are reacting to Russia’s invasion of Ukraine
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The economic side-effects of the Russia-Ukraine War impacted not just food and fuel worldwide, but also the performance of stocks across sectors. Furthermore, the war triggered the entry of new players in the crypto market. These investors were perhaps hedging against risks or even looking to profit from war.
In particular, crypto watchers and analysts have pointed to the debut of new sharks and whales.
Santiment data revealed that as Russia’s invasion of Ukraine intensified, Bitcoin addresses have been rising. In fact, over 1,600 addresses belonging to sharks and whales can now be called millionaires. What’s more, the data suggested that these heavyweight players are accumulating the king coin, which could further drive up prices.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
How Russia and Ukraine are finding new ways to use tech in the war theguardian.com /2 years ago
The Ukraine invasion shows why we need crypto regulation cointelegraph.com /2 years ago
How blockchain technology is supporting Ukraine and Russia by betting on virtual Russian stocks euronews.com /2 years ago
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