Major players in the crypto world are diving into their metaverse altcoins as the overall crypto market and Bitcoin (BTC) try to recover after a week of volatile trading.
New data from whale watching bot WhaleStats shows the top 1000 Ethereum whales themselves in the last 24 hours; which is a 3D virtual reality video game in Decentraland (MANA) reveals that he is having a feast. The average purchase made by whales was 345 tokens for $998, but a whale paid over $1 million to receive 375,355 MANA.
Another metaverse cryptocurrency acquired by deep-pocketed investors is a play-to-win blockchain gaming platform. Gala Games (GALA) it happened. The average purchase amount for whales was $902 for 3171 GALA.
JUST IN: $GALA @GoGalaGames had flipped $MATIC to be most traded token by 1000 biggest #ETH whales in the last 24hrs 🥳🥳
the top 1000 #ETH whales are hodling 654,797,325 #PREMIERE ($182,806,252) 🐳
Whale leaderboard: https://t.co/N5qqsCShZR pic.twitter.com/UIVd3CJKaQ
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 20, 2022
Reports from the whale watching platform also included statements that Gala had outstripped MATIC.
“In the last 24 hours, GALA, MATIC [Polygon] surpassed it and became the most traded token by the top 1,000 ETH whales.
Top 1000 ETH whales in hand [değeri] It costs 654,797,325 GALA, which is $182,806,252.”
At the time of writing, Decentraland is trading at $2.66, up over 2%, while GALA is down 4% at $0.24.
Another actively accumulating metaverse altcoin that has caught the attention of wealthy ETH whales is The Sandbox (SAND). Whales have purchased an average of 182 SAND (value 639) per wallet in the last 24 hours. The popular metaverse cryptocurrency is trading at $3.12, down more than 3% on the day.
WhaleStats’ last metaverse token on the whales favorites list is the service token for non-fungible tokens (NFTs) within the crypto-asset ecosystem. Enjin Coin (ENJ).
Enjin Coin is trading at $1.48, down nearly 4% at the time of writing, with an average purchase amount of $258 worth 155 ENJs made by whales.
The whale watching platform also states that two of the aforementioned metaverse projects were among the 10 most used smart contract platforms in the past day. In this list, GALA is at the 4th place, while SAND is at the 10th place, completing the list.
To look at the king cryptocurrency Bitcoin, it has not fully recovered from the overnight lows of $37,557 after losing nearly $2,000 in a few hours. BTC is trading at $37,892 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.