New data from a whale watching website reveals which altcoin projects have been consumed by the 1,000 largest Avalanche (AVAX) whales. In this article, we examine the trends of whales in the Avalanche ecosystem.
Whales stock the most from this altcoin
According to WhaleStats, which has recently started tracking the smart contract platform and its Ethereum (ETH) competitor, AVAX investors with large wallets are acquiring, on average, thousands of dollars’ worth of stablecoins and other altcoins. The most purchased token by AVAX whales in the past day was Magic Internet Money (MIM), the stablecoin of the Abradacadabra.money credit platform, with an average purchase amount of $14,089. Avalanche is in second place with an average purchase amount of $13,899.
Santiment shares the 2022 market sentiment of Bitcoin whales and individual investors. Details cryptocoin.com‘in.
Whales prefer these altcoin projects
On the AVAX Blockchain, USDC.e and USDT.e, which represent USD Coin (USDC) and Tether (USDT) stablecoins, sit at number three and four, respectively. Decentralized exchange (DEX) platform Pangolin (PNG) is in fifth place, while decentralized reserve currency protocol Wonderland (TIME) is in sixth place. Avalanche-based decentralized exchange TraderJoe (JOE) lands at number seven, followed by Wrapped Ethereum (WETH.e) and Wrapped Bitcoin (WBTC.e), which are Bitcoin and Ethereum tokens bridged to the AVAX protocol. Wrapped Avalanche (WAVAX) rounds out the list.
WhaleStats also noted that Avalanche whales hold the most AVAX, WETH.e, USDC.e, JOE, USDT.e, MIM, WBTC.e, WAVAX, Wrapped, Chainlink (LINK.e), and Blockchain-based win-to-play game Cradaba (CRA). is showing. Statistics show that Avalanche whales have an average of 2,440 AVAX tokens valued at $267,613, while the largest token position by dollar value overall held by them is Wrapped Ethereum.
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