Over the past 24 hours, the cryptocurrency market has been dyed red amid tensions between Russia and Ukraine. The total market cap of cryptocurrencies fell 8.3 percent as Bitcoin retreated to $35,000. Meanwhile, whales continue to buy altcoins, according to WhaleStats data. cryptocoin.com We are transferring the altcoins that whales have recently bought…
Whales buy from these altcoin projects
WhaleStats, which analyzes the movements of the 1,000 largest Ethereum whales on the network, shows the 10 altcoins that the biggest crypto investors have bought in the last 24 hours. According to the data, whales bought Ethereum (ETH) the most, spending $105,559 on it. On the other hand, stablecoins such as USDT, BUSD, USDC were among the most purchased. Metaverse and play-to-earn coins like AXS, GALA also seem to be preferred by whales. You can see the full list below:
- Ethereum (ETH)
- Tether (USDT)
- Binance USD (BUSD)
- Polygon (MATIC)
- Chainlink (LINK)
- Axie Infinity (AXS)
- Gala Games (GALA)
- NuCypher (NU)
- Braintrust (BTRST)
Whales trade the most in these 7 altcoins
When we look at the cryptocurrencies with the most traded and low market capitalization among the top 1,000 ETH wallets in the last 24 hours, SparkPoint (SRK) stands out first with a transaction of 41,803 coins. SRK is followed by PhoenixDAO (PHNX). Next comes Digitex Token (DGTX) and Seele (SEELE). The full list is as follows:
- SparkPoint (SRK)
- Phoenix DAO (PHNX)
- Digitex Token (DGTX)
- Seele (SEELE)
- Taraxa (TARA)
- WiBX (WBX)
Cryptocurrency market continues to decline
The news that Russia has launched a “special military operation” in Ukraine has plunged BTC/USD along with traditional markets. Bitcoin, which is currently trading in line with equities rather than acting as a safe-haven, dropped more than 12.2 percent from Wednesday’s local highs to $34,300, showing an uncertainty of its own. Nearly $200 billion has left the cryptocurrency space in the past 12 hours, causing a massive market crash that has plunged the total market cap to a seven-month low.
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