The calm of the weekend seems to be reflected in the Bitcoin and altcoin markets as well. While prices are moving sideways, whales’ altcoin purchases are below average. So, what was the focus of the whales on the last day of the week? Here are the details…
Whales added these altcoin projects to their portfolio
According to Whale Stats, which lists the on-chain data of whales, which are quite large investors in terms of the amount of coins they hold, whales have bought the most from stablecoins in the last 24 hours. cryptocoin.com As we have previously reported, stablecoins are cryptocurrencies based on a specific asset. In this case, the altcoins the whales focused on were US dollar pegged Binance USD (BUSD) and Tether (USDT).
Whales bought $289,259 worth of BUSD over the past 24 hours, with an average purchase value of $218,282 for USDT. Next came Ethereum (ETH). Whales added about 26 ETH to their portfolio, which equates to $76,649. After ETH, USD Coin (USDC), another stablecoin, came in fourth place. The full list of altcoins that whales bought the most over the past day is as follows:
- Binance USD (BUSD)
- Tether (USDT)
- Ethereum (ETH)
- USD Coin (USDC)
- FTX’s 3X Short Bitcoin Token (BEAR)
- Audius (AUDIO)
- Curve DAO Token (CRV)
- AAVE (AAVE)
- Shiba Inu (SHIB)
- Synthetix Network Token (SNX)
What happened to the most bought small altcoins?
Apart from the large altcoins above, whales have also traded in altcoins that can be considered small compared to others with their market caps. These coins are not usually among the top 100 popular coins by market cap and are unknown to the majority. Below you can see the 10 minor tokens with the highest total transaction count among the top 1,000 Ethereum wallets in the last 24 hours:
- Pendle
- Z.com USD (ZUSD)
- DOS Network Token (DOS)
- SpiderDAO Token (SPDR)
- Digitex Futures (DGTX)
- HYDRO TOKEN (HYDRO)
- Curve.fi DAI/USDC/USDT (3Crv)
- AssangeDAO (JUSTICE)
- DeGate Token (DG)
- Envoy Token (VOY)
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