New Favorites of Whales Revealed: They’re Stocking Up These Altcoins!

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The new data shows that the biggest Ethereum (ETH) whales have been uploaded to the popular altcoin ApeCoin (APE), meme coin Shiba Inu (SHIB) and two metaverse tokens in recent days.

The latest data from WhaleStats revealed the investment behavior of the 100 richest Ethereum addresses over the stock market.

The whale-watching website shows that in the past 24 hours, trading volume among deep-pocketed crypto investors has put the virtual world The Sandbox (SAND) in fifth place with 115,191 tokens traded ($295,211 by volume).

As the chart below shows, mega whales have also taken an interest in Yuga Labs’ ApeCoin (APE), in addition to Ethereum itself and the few dollar-pegged stablecoins. APE, the social cryptocurrency for the popular Bored Ape Yacht Club (BAYC), took the seventh spot with a total of 5,028 tokens traded last day, following the initial announcement of the new metaverse formation Otherside.

Whale wallets also seem to be interested in 3D virtual reality world Decentraland (MANA) in eighth place with daily activity volume of $81,422 for 44,219 tokens.

Dog-themed altcoin Shiba Inu (SHIB) rounds out the top 10 with nearly 2.4 billion tokens traded for $56,218.

WhaleStats also shared a few notable crypto whale transactions on Twitter:

  • The fifth largest ETH whale wallet named BlueWhale0073 is 219,332,229,787 SHIB for $5,454,792 he bought.
  • Sixth-ranked ETH whale BlueWhale0097, $250,000 APE for $4,410,000 he bought.
  • The 15th-placed whale wallet Bombur is 51,799.991,288 SHIB for $1,178,967 took.

Besides, WhaleStats provided a broader snapshot of the investments of the 5,000 richest ETH whales. Among the 10 most popular crypto assets, SHIB is at the top of the list and MANA is at the ninth place.

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.


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