Ethereum whales opted to buy massive amounts of ETH, USDC and GALA in the early hours of Sunday. They are apparently changing their course as the prominent whale trades of the last days are on the Shiba Inu (SHIB).
Ethereum buys massive amounts of GALA, LDO and MANA after SHIB
Ethereum (ETH) whale wallets have changed quite a bit over the past 24 hours. One of the giant whales chose to sell most of his Shiba Inu (SHIB) wallet. But in the meantime, whales are expanding their wallets by adding some new tokens to their portfolios. According to data provided by WhaleStats, Lido Staked ETH (stETH), in particular, has made the Shiba Inu the largest dollar-held token among the top 100 Ethereum whales. On the other hand, Ethereum and USDC are top two on the list of best-bought on August 14. These data belong to the 100 largest ETH whales. In third place is the popular metaverse game GALA. GALA jumped to the top of the list with a sudden change in demand.
The largest Ethereum whales currently hold more than $321.3 million in stETH. That’s roughly 10% of their total wallets. Meanwhile, Shiba Inu, which is among the top 100 ETH whales, slumped to $148.4 million with the announcement of the launch of the new CCG game. Whales are buying USDT, MATH, DAI and BOBA while SHIb is now off the list for a while. The general view of the list is as follows.
- Ethereum (ETH)
- USD Coin (USDC)
- Gala Games (GALA)
- Tether (USDT)
- MATH Token (MATH)
- DAI (DAI)
- Boba Token (BOBA)
Whales trade the most in these 8 altcoins
In the second part, let’s examine the altcoin projects that whales trade the most. Ethereum ranks first with $200,000 transactions in the last 24 hours. The top lines of this list are usually ETH, USDT and USDC.
Looking at the overview of the list, MANA ranks last with a small volume. Another metaverse coin, GALA, is ahead of MANA in this list. You can check the list below for an overview.
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Wrapped Bitcoin (WBTC)
- Gala Games (GALA)
- DAI (DAI)
- Voucher Ethereum (vETH)
- Decentraland (MANA)
Whales buy massive amounts of ETH as Ethereum merge approaches
The world’s second-largest cryptocurrency recorded a solid pullback of around 80% last month due to macro factors. In the last 24 hours, ETH has been trading around $1,900 with a market cap of $229 billion.
The positive developments regarding the merger upgrade, coupled with lower-than-expected inflation data on Thursday, provided a much-needed price boost. On-chain data provider Santiment reports that ETH whale accumulation has increased significantly during the recent price hike. cryptocoin.comAs you follow, Santiment analysts recently noted:
Ethereum climbed above $1,880 after a positive CPI report on Wednesday. This 2-month high came with a massive influx of ETH transactions worth $100,000 or more. This is happening with the whale addresses accumulating.
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