Ethereum whales have started investing in a number of altcoin projects. These were among the various niches of the crypto space. However, these whales are increasingly investing in metaverse coin projects, just like the rest of the space.
Metaverse coin favored by whales: The Sandbox (SAND)
According to data from WhaleStats, Ethereum whales are interested in the metaverse token SAND. In a tweet, the wallet tracker reported that the token has become the most traded token among the top 1,000 Ethereum wallets. By achieving that title, it knocked out LINK, signaling increased interest from the biggest investors. Besides just trading tokens, Ethereum whales are also increasing their holdings. WhaleStats reported that a single ETH whale purchased 635,585 SAND, worth $4,385,536 at the time of purchase. In total, the top 1,000 ETH wallets currently hold $237,478,480 worth of SAND, showing a marked increase in holdings among these wallets.
Competitor MANA has been on the top 10 tokens bought by ETH whales for a week. Metaverse token placed 5th behind meme token Shiba Inu with an average purchase amount of 30,168 tokens, with an average dollar value of $94,912. cryptocoin.com As we reported, Metaverse tokens like SAND and MANA made their big debut when social media giant Facebook announced it was rebranding as Meta. As investors scramble to own a piece of these virtual reality spaces, in the metaverse and buying property is fast becoming one of the leading ways to invest.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.