Cryptocurrency whales are of great importance in the field of Bitcoin and altcoins. Investors are keeping a close eye on the whales’ movements and the coins they buy and sell, as they know the whales’ impact on prices. In this article, we will share the coins bought and traded by the top 100 Ethereum whales. Here are the details…
Which are the 4 altcoins that whales buy the most?
cryptocoin.com As we have also reported, whales are investors who have a large amount of coins in their hands. The movements of these investors are followed by many cryptocurrency participants. Because large investors have the potential to influence market prices through their trading. According to Whale Stats, which provides data on whales, the most recently purchased cryptocurrencies by large investors, the average purchase price is as follows:
- Ethereum: $871,383
- USDC: $58,533
- USDT: 8,003 dollars
- WBX: $281
Most traded small altcoins
On the other hand, data on the most traded altcoins is also important. The following cryptocurrencies are included in Whale Stats’ list of “best-traded small altcoins”:
Currently, Whale Stats tracks whales with an average of $12,622 worth of 7,989 Ethereum, 6 tokens and 1 NFT.
More about whales
Cryptocurrency whales refer to individuals or organizations that hold large amounts of cryptocurrencies. When it comes to Bitcoin (BTC), anyone who owns more than 1,000 BTC and less than 2,500 can be considered a whale. Because Bitcoin addresses are anonymous, it is often difficult to determine who owns any given wallet. Many associate the term “whale” with some lucky early adopters of Bitcoin. However, not all whales are the same. There are several different categories:
- Exchanges: Since the mass adoption of cryptocurrencies, crypto exchanges have become some of the biggest whale wallets as they hold large amounts of crypto on their order books.
- Institutions and companies: Under Michael Saylor, software firm MicroStrategy holds more than 130,000 BTC. Other publicly traded companies such as Square and Tesla have also bought large amounts of Bitcoin. Countries like El Salvador have also bought substantial amounts of Bitcoin to add to their cash reserves. There are protectors like Grayscale who hold Bitcoin on behalf of big investors.
- Individuals: Many whales bought Bitcoin early when its price was much lower than today. Cameron and Tyler Winklevoss, the founders of crypto exchange Gemini, invested $11 million in Bitcoin at $141 per coin in 2013. Bought over 78,000 BTC. American venture capitalist Tim Draper bought 29,656 BTC at $632 each at the United States Marshal auction. Digital Currency Group founder and CEO Barry Silbert participated in the same auction and bought 48,000 BTC.
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