Ethereum whales, popular metaverse brought the cryptocurrency back to the list of most bought tokens in the last 24 hours.
In the last 24 hours, there have been many developments in the crypto world that have driven investors to despair. However, with the contribution of investors who turned the crypto bottom into an opportunity, Decentraland‘s native token MEANINGWhales caught the attention of whales once again by entering the list of top 10 purchased tokens according to WhaleStats metrics.
According to the tracking bot that tracks the largest Ethereum (ETH) wallets, the average purchase of MANA purchased in the top 100 wallets is worth $7,328, meaning that an average of 6,323 tokens were purchased by each whale at a mid-range price of around $1.18.
It is also worth noting that MANA has hit a local all-time low, with markets for the metaverse coin opening in the $1,018 region today.
Decentraland, one of the metaverse cryptocurrencies that quickly gained popularity during the announcement of Facebook’s META product last year, although one of the most popular metaverses, investors failed to protect this altcoin and MANA price lowered a historic low where whales began to accumulate heavily.
What is MANA?
Launched in February 2020, Decentraland is currently the highest valued Metaverse cryptocurrency on the market. As market experts think that this year’s bull market will inevitably hit the market, Decentraland (MANA) It’s not a bad idea to bet that a solid and mainstream adoption cryptocurrency will explode.
Decentraland is the pioneer of Metaverse cryptocurrencies, offering a free-to-play, win-to-play 3D in-browser experience. In addition, the platform has a strong virtual real estate market with a total transaction volume of over 231.5 thousand ETH on OpenSea, with a transaction volume of approximately 802 million dollars.
Featuring a 3D blockchain-based metaverse that allows players to purchase land and explore the virtual universe, the platform offers a variety of experiences including casinos, concerts, galleries, etc.
The primary service asset for Decentraland is MANA, an ERC-20 token built on the Ethereum blockchain. MANA also polygon It is a compatible token, which means users can trade MANA on decentralized exchanges for lower fees.
Is the metaverse excitement over?
Looking at GameFi/Metaverse token prices, it’s easy to conclude that crypto enthusiasts don’t have time for fun in a time of global turmoil in the markets.
But at the same time, we are seeing the big player focus their energies and attention more and more on this particular sector of the crypto industry. In fact, earlier this month, Dubai’s Virtual Assets Regulatory Authority (VARA), of The Sandbox (SAND) Announcing its entry into the Metaverse through the establishment of Metaverse HQ in its dynamic virtual world, it was the first regulatory body to enter the metaverse world.
With the launch of Shiba Inu’s own SHIB: The Metaverse, Spotify building an island in Roblox, and BAYC’s announcement of Metaverse, floor prices skyrocketed; The metaverse hype seems far from over, but we may have to wait a long time for prices to recover.
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.