The biggest Ethereum (ETH) whales invested over the weekend in a popular gaming altcoin that was expected to rise by analysts.
Data from WhaleStats, a whale watching platform, of Axie Infinity (AXS) It shows that it was the most traded token among the top 1,000 ETH wallets in a given 24-hour period last weekend.
WhaleStats also showed that several large Ethereum whales swallowed millions of dollars’ worth of AXS.
The third-largest Ethereum whale, nicknamed “Light,” a name that the crypto community is also familiar with, bought 40,000 AXS in a single transaction, worth more than $2.46 million at the time of the transaction, according to WhaleStats.
🐋 ETH whale “Light” just bought 40,000 $axs ($2,462,400 USD).
Ranked #3 on WhaleStats: https://t.co/g2Ri3NWSgL
Transaction: https://t.co/sFGTjoK852#AXS #ERC20 #DEFI #ETH #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) February 6, 2022
The 18th largest ETH whale bought 40,000 AXS worth about $2.25 million on Saturday. On Sunday, the same whale bought 174,000 AXS worth $11.23 million.
🐋🐋🐋 An ETH whale just bought 174,000 $axs ($11,231,700 USD).
Ranked #18 on WhaleStats: https://t.co/P4z2Ca5vs1
Transaction: https://t.co/DMM3r7N6yY#AXS #ERC20 #DEFI #ETH #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) February 6, 2022
Axie Infinity is a blockchain based trading and war game. Partially owned and operated by players, the game allows users to collect, craft, upgrade, battle and trade digital collectibles.
AXS, the project’s native token, is trading at $64.29 at the time of writing. The 37th-ranked crypto asset by market cap has gained nearly 22 percent in the past seven days.
A popular crypto analyst, known by the alias of altcoin Sherpa, predicts that the price of the metaverse coin will rise even more.
“AXS: That looks pretty good. I believe it will go up to around $80 and then pull back.”
Currently, blockchain scaling solution polygon‘s native token MATICDethroned AXS and became the most traded asset among the top 1000 ETH wallets according to WhaleStats.
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.