The top 100 Ethereum whales have turned their attention to a range of altcoins as ETH and the broader crypto markets continue to decline. The wealthiest Ethereum investors are currently stocking these cryptocurrencies.
According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave has become the third most purchased crypto asset among ETH whales in the past 24 hours. According to WhaleStats, Ethereum whales reached an average of 151 AAVE purchases worth $26,262.
In addition, ETH whales stock Compound (COMP), designed as a cryptocurrency loan protocol, in the decentralized finance (DeFi) sector.
These deep-pocketed crypto holders on the Ethereum network have turned to both altcoins in the decentralized media sector. On-chain data from WhaleStats shows that Livepeer (LPT) is the third most bought altcoin by Ethereum whales in the last 24 hours, and Audius (AUDIO) is the fourth. Livepeer aims to provide a decentralized video streaming protocol, while Audius attempts to create a decentralized, artist-centric audio streaming service.
Also on the list of most wanted altcoins by ETH whales is NuCypher (NU), which offers cryptographic services such as access control and data privacy. NU is the sixth most purchased token by ETH whales, excluding stablecoins and ETH.
Spell (SPELL) is the most purchased altcoin after NU. Spell is the management token of the Abracadabra.money platform.
At the bottom of the list is PAX Gold (PAXG), an Ethereum-based stablecoin issued by Paxos and backed by gold.
The largest altcoins held by ETH whales are USD Coin (USDC) and Ethereum itself.
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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.