New on-chian data shows that some of the biggest Ethereum whales in existence are investing in one of ETH’s main competitors.
The 100 largest Ethereum wallets, according to the latest published weekly numbers from WhaleStats Wrapped Luna(WLUNA) makes significant investments.
Wrapped Luna is an Ethereum token pegged to Ethereum rival Terra (LUNA), intended to represent Terra (LUNA) on the Ethereum blockchain. WLUNA is not LUNA, it is a separate ERC-20 token designed to track the value of LUNA.
Cryptocurrency is essentially Ethereum It offers LUNA holders a way to participate in decentralized finance (DeFi) applications on Ethereum.
Wrapped Luna (LUNA) topped the list of the 10 most bought altcoins among Ethereum whales and is at number nine at the time of publication. Last week, the altcoin’s average whale purchase was 900 LUNA, worth approximately $76,300 at the time of publication.
LUNAThe price of /WLUNA has gained more than 75% in the last month and is trading at $91.27 at the time of writing.
Besides, the latest figures from WhaleStats indicate that ETH whales continue to trade stablecoins in high volumes and that Wrapped Bitcoin (WBTC) and chainlinkIt shows that (LINK) is also witnessing positive entries.
While another ETH competitor is on the top 10 list of most bought altcoins (the ERC20 version of Ethereum competitor Phantom (FTM), the numbers are higher on average than whales bought last week) FTM It shows you selling.
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.