According to data from two on-chain analysis platforms, Ethereum (ETH) whales are increasing in number and these big wallets are investing in several altcoin projects.
Analytical firm Santiment is the world’s richest crypto- He underlined that there has been a huge increase in Ethereum assets among wallets. According to the company, the number of Ethereum investors holding more than 10,000 ETH has reached levels not seen since December last year.
Commenting on this increase in Ethereum assets, Santiment believes that the accumulation of whales is an indicator of future price increases:
“The number of Ethereum addresses holding 10,000 or more ETH has risen to the highest level (1,329) since December 2021. This includes 40 accounts added in just the past 5 weeks. There is a clear correlation between the number of whale addresses and future price action.”
WhaleStats whale trading bot also reports that Ethereum was one of the most popular cryptocurrencies among whales last week, with the average purchase totaling 1,919 ETH tokens (corresponding to $6,230,754).
Although Ethereum is trading horizontally at $ 3,374 at the time of writing, the altcoin, which follows the uptrend in the market, is trading with an increase of about 14 percent compared to last week.
According to WhaleStats, the following altcoins were included in the list of the top 10 non-stable coin non-stable crypto assets last week:
- Giant Ethereum wallets for $276,738, a play-to-win blockchain gaming platform Gala Games‘s native cryptocurrency PREMIEREAn average of 1,032,251 tokens were exchanged on .
- Whales is also a recent trend project released by the developers of Bored Ape Yacht Club. to ApeCoin (APE) continued his interest. Whales purchased an average of 20,055 APE for $270,193.
- Ethereum-based virtual world, always one of whales’ favorite metaverse coins The Sandbox (SAND) was also on the list. Whales added 72,756 SAND to their stash for $251,123.
- Decentralized exchange in tune with 81,210 SRM tokens worth $246,704 Serum (SRM) took its place in the list of altcoins that attract the attention of whales this week.
- Top 100 ETH whales also layer-2 scaling solution in Polygon (MATIC) continued its investments and purchased an average of 96,931 MATICs for $160,244.
- The market-challenging decentralized lending and borrowing protocol has seen a huge spike today, with an average of 855 AAVE purchases for $148,507 on the whales-attracting altcoins list. AAVE (AAVE) existed.
You can check the price movements here.
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.