Whales put $63 million into stablecoins and sold a net $27.6 million of other tokens
DeepSea's sector data shows big wallets moving into dollars last week, while smart money kept buying. Ethereum took most of the $66 million net inflow.
Key points
- Whale wallets put a net $63.16 million into stablecoins from October 26 to November 1 and took $27.61 million out of non-stablecoin tokens, DeepSea shows.
- Smart money was a net buyer everywhere it traded: $24.76 million of stablecoins and $5.92 million of other tokens.
- Ethereum led all chains at +$49.20 million. Solana was last at minus $95,300.
What DeepSea's data shows
DeepSea's weekly report adds up net buying minus selling by three tracked groups: smart money (wallets with a strong trading record), whales (very large holders) and KOLs (crypto influencers). Across all sectors the total came to about +$66.3 million.
Stablecoins took the most: whales +$63.16 million, smart money +$24.76 million and KOLs +$47,000, across 10 tokens. Whales were sellers almost everywhere else: minus $6.45 million in DeFi and infrastructure tokens and minus $21.20 million across 158 "other" tokens. Smart money bought $795,300 of DeFi tokens and $5.12 million of other tokens. Big coins (BTC, ETH and major layer 1s) saw only $43,500 net, and memecoins nothing.
Data: DeepSea (desea.io), checked November 4, 2026, 12:40 a.m. ET.
Buy signals beat sell signals
DeepSea flags tokens where a group is clearly building or cutting a position. This week it logged 36 accumulation signals and 15 distribution signals. Smart money accounted for 23 buying and 6 selling signals, whales for 13 and 9. Nine tokens saw coins move to cold storage (offline wallets used for long-term holding), and four were flagged for selling by developer or team wallets.
The top buys and sells, ZAMA and LBTC, we covered on November 3. Further down the list, smart money bought a net $787,200 of AAVE on Base, and both smart money and whales sold DRV on Base (minus $689,900 combined).
By chain
Ethereum drew a net +$49.20 million, about three-quarters of the total. Arbitrum followed at +$10.94 million, then Optimism (+$3.74 million), Base (+$2.29 million) and Avalanche (+$243,800). Tron, BSC and Solana were all slightly negative, Solana the weakest at minus $95,300. CoinGecko showed ETH at $2,286 at 12:40 a.m. ET on November 4, up 1.8% in 24 hours.
Net flow by chain, smart money + whales + KOLs
US$ million
October 26 to November 1, 2026. Source: DeepSea weekly report.
Why it matters
Moving into stablecoins means holding dollars on chain. That can be a step back from risk, or cash waiting to be spent. DeepSea's numbers show direction and size, not intent, and they cover only wallets DeepSea tracks.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the split is the story: whales shifted toward dollars while smart money kept adding tokens. The data cannot say why.
- LBTC alone saw $28.86 million of whale selling, more than the whales' entire non-stablecoin total. So the broad picture likely rests on a few large wallets and tokens.
- Stablecoins parked by whales are buying power. If that money moves into tokens next week, the flow tables will show it first.
What's next
- Whether whale stablecoin balances keep growing
- Whether accumulation signals stay ahead of distribution
- Solana flows, the weakest chain this week
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
