As the overall crypto market continues to grapple with a midweek shock wave that caused prices to plummet, major players in the crypto world are stockpiling lesser-known and more secure digital assets.
New data from blockchain transaction tracker WhaleStats reveals that Ethereum whales have feasted on SUSHI, the management token of decentralized exchange SushiSwap, in the past 24 hours, averaging 2,088 tokens for an average purchase of $8,272 per whale.
Ranked #116 on the list of cryptocurrencies, SushiSwap is currently trading at $3.90, down over 3% following the market trend. Since dropping from above $6.50 on Jan. 20, the altcoin has been exhibiting sideways price action.
Another of the cryptocurrencies popular among the 1,000 richest over-the-counter Ethereum addresses is another cryptocurrency that describes itself as “Web 3.0 storage for the metaverse.” Crust Network (CRU). The open source project prioritizes decentralization and privacy, and Solana (LEFT), Polygon (MATIC) and Binance Coin (BNB) It can run on a variety of platforms, including Binance Smart Chain (rebranded as BNB Chain), powered by
On average, the whales accumulated 856 CRUs with a total cost of $4,992 per wallet.
Crust Network performed quite well today despite the general market sentiment, reaching as high as $6.58. However, the cryptocurrency, which has lost some of its gains, is trading at $6.39 at the time of writing, up over 11 percent in the last 24 hours.
As always, whales uploaded to stablecoins average about 25,000 Tether (USDT) and more than 8,200 US Dollar Coin (USDC) Bought a pair of stablecoins, including
Other key crypto assets with moderate purchases completing the top 10, layer-2 scaling solution Polygon (MATIC)virtual world The Sandbox (SAND) and the layer-2 zero-knowledge rollups protocol Looping (LRC) and decentralized Oracle network Chainlink (LINK) it happened.
The leading cryptocurrency Bitcoin (BTC) is struggling to hold on to the $40,000 level, down more than 2% in the last 24 hours and trading at $40,258.
The second-largest digital asset, smart contract platform Ethereum (ETH), on the other hand, lost $3,000 and slumped around 4% to $2,805 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.