The cryptocurrency market continues to monitor the significant activity of the top 100 Ethereum whales who have recently made purchases in a variety of different tokens. According to WhaleStats data, the top 100 Ethereum whales recently added 10 altcoins to their baskets, including SAND. Here are the details…
Whales focus on SAND, MATIC and more
Whales, the biggest cryptocurrency investors, come to the fore with their new moves. According to WhaleStats, the platform revealing whale data, the top 100 ETH whales have added the following coins to their portfolios most recently:
- USDC: The average purchase amount of whales for USDC was $876,288 and the average token amount was 876,567. USDC remains a popular choice among investors looking for a stable asset to hold in their portfolios.
- USDT: The average purchase amount for USDT was $780,138 and the average token amount was 779,320. cryptocoin.com As we reported, similar to USDC, USDT is another stablecoin pegged to the US dollar and often used as a trading pair for other cryptocurrencies.
- MATIC: The average purchase amount of whales for MATIC was $28,928 and the average token amount was 26,758. MATIC is the native cryptocurrency of the Polygon network, a layer-2 scaling solution for Ethereum. The growing popularity of Layer-2 solutions may explain the interest in MATIC.
- WBTC: The average purchase amount for WBTC was $26,943 and the average token amount was 0.969. WBTC is a cryptocurrency pegged to the Bitcoin value and is used to bring Bitcoin liquidity to the Ethereum ecosystem.
- SAND: The average purchase amount of whales for SAND was $24,699 and the average token amount was 40,016. SAND is a cryptocurrency that is also used in The Sandbox metaverse.
- WETH: According to the data, the average purchase amount for WETH is $20.884 and the average token amount is 12. WETH is a “wrapped” version of Ethereum that can be used as a trading pair for other cryptocurrencies.
- BUSD: The average purchase amount for BUSD was $19,990 and the average token amount was 20,005. BUSD is a stablecoin pegged to the value of the US dollar. As it is known, BUSD issuer Paxos was banned from issuing BUSD recently.
- DAI: The average purchase amount for DAI was $15,112 and the average token amount was 15,097. DAI is another stablecoin pegged to the value of the US dollar.
- aWBTC: The average purchase amount for aWBTC was $6,934 and the average token amount was 0.249. aWBTC is a yielding Bitcoin token on the Aave platform that allows users to earn interest on their Bitcoin holdings.
- LINK: The average purchase amount for LINK was $6,745 and the average token amount was 944. LINK is the native cryptocurrency of the Chainlink network, an oracle network that provides data to smart contracts.
These acquisitions indicate that while stablecoins remain popular among Ethereum whales, there is also significant interest in other cryptocurrencies, including those used in certain ecosystems such as MATIC and SAND. The purchases of WBTC, aWBTC and LINK indicate that these investors may also be interested in crypto-based financial products such as yield tokens and oracle networks.
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