As the digital asset market was in the midst of a recovery over the weekend, deep-pocketed crypto investors caught up with Ethereum scaling solution Polygon (MATIC), Loopring (LRC) and two other small-cap altcoins.
According to the latest data from WhaleStats, MATIC enjoyed healthy price rallies, replacing LINK as the number one traded token among the wealthiest Ethereum holders over the weekend.
Ethereum whales on Friday Polygon (MATIC) purchased at regular intervals and with million-dollar purchases. A whale, ranked fourth among the largest Ethereum whales in existence, has purchased 2,838,000 MATICs for approximately $4.73 million. In another transaction, another whale bought $2 million worth of MATIC tokens. A third whale bought $1.5 million worth of MATIC in a separate transaction.
🐳 An ETH whale just bought 2,838,000 $matic ($4,739,460 USD).
Ranked #4 on WhaleStats: https://t.co/EIH4SaZXdR
Transaction: https://t.co/HYPoPa4raR#ethereum #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) February 4, 2022
Looking at the list of tokens that Ethereum whales have bought the most in the last seven days, MATIC is in fifth place with an average purchase amount of $ 41,220.
Ethereum whales to Loopring (LRC) also shows great interest. The platform ranks seventh with an average purchase amount of $7,865 per whale. Loopring is a blockchain project built on the Ethereum network aimed at high-throughput, low-cost trading and payments. It is a Layer-2 project that secures Ethereum without high fees and slow transaction speed.
A newly listed cryptocurrency on Coinbase Render Token (RNDR) also found itself in the eighth place with an average purchase amount of $7,197. RNDR is the native crypto asset of Render Network, the first blockchain-based peer-to-peer GPU rendering network and 3D marketplace aimed at making high-end 3D content creation more accessible.
The platform is to enable anyone with a modern GPU to contribute processing power in exchange for tokens, thereby increasing the scale and availability of GPU computing for artists, designers and researchers.
The local presence of the decentralized exchange SushiSwap Sushi It ranks ninth on the list. Over the past seven days, ETH whales have spent an average of $6,735 on SUSHI.
Other coins on the list include Ethereum itself and a number of stablecoins.
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.