A surprise from 2017, Request Network (REQ) has become one of the most bought altcoin projects by Ethereum whales, according to data provided by whale watching platform WhaleStats. For details cryptocoin.com keep reading.
Ethereum whales re-discover an old altcoin project
According to WhaleStats, REQ, the token of altcoin project Request Network, has surprisingly become one of the most purchased tokens among Ethereum whales. The token ranks sixth among the most purchased assets among Ethereum whales.
As it will be remembered, Request Network is a token from the ‘2017 Era’, also known as the ‘ICO Era’, the first major bull run in the cryptocurrency market, when Bitcoin reached the $20,000 milestone and was recognized for the first time by governments around the world.
The altcoin project initially aimed to create an ecosystem similar to the prepayment system PayPal. In this way, it would allow one click payment with crypto on almost any website. Unfortunately, the project lost its appeal for investors after the bull run ended.
Ethereum whales currently hold the group of assets they have held for the past six months, which includes crypto exchange FTX’s token FTT, meme coin Shiba Inu (SHIB) and various stablecoins such as USD Coin (USDC). The highest USD value token held by whales is FTX Token with $1.5 billion FTT in whales’ wallets.
Request Network (REQ) price action
The price of the crypto-asset fell rapidly from the $1 levels to the lows of $0.2 as time went on. REQ’s price action jolted investors back in November when the token’s price updated 2017’s ATH to $1.1. The altcoin, which is ranked 190th by market value on CoinMarketCap, was trading at $ 0.2158 at the time of writing. It has already lost most of its liquidity, volume and volatility and formed a straight line bottom seen in assets that move within a narrow range with extremely low volatility.
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