Data from whale-watching platform WhaleStats shows deep-pocketed crypto investors are looking for a low-value altcoin. Render Token (RNDR) It shows you bought it.
Coinbase recently announced that RNDR will be available on its platform from February 2.
Render became the fifth most purchased token among the top 1000 Ethereum holders on Thursday. The wealthiest crypto investors bought an average of 616 RNDR coins worth $2,171 in a 24-hour period.
Despite being a little-known altcoin, Render became the fifth most bought token among the top 1000 Ethereum whales on Thursday. In a 24-hour period, the wealthiest crypto investors purchased an average of 616 RNDR tokens worth $2,171 per person. ETH whales held $35 million worth of RNDR.
JUST IN: $RNDR @RenderToken now on top 10 purchased tokens by 1000 biggest ETH wallets 👏👏
The top 1000 ETH whales are hodling $35,547,752 #RNDR 🐳🐳
Whale leaderboard: https://t.co/28TDZ6JFiD pic.twitter.com/5fY57X76Sq
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) February 3, 2022
WhaleStats data also includes the virtual reality world of whales. Decentraland (MANA)security token platform Polymath (POLY)layer-2 scaling solution Polygon (MATIC)decentralized game universe Axie Infinity (AXS) as well as the decentralized finance (DeFi) altcoin Curve DAO Token (CRV) It reveals that he has accumulated crypto assets such as..
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.
Coinbase has this to say about the newly listed token:
“Using the Render Network, node operators can choose to monetize their idle GPUs by rendering “renders” in exchange for Render Tokens (RNDR). RNDR can then be used to create 3D content within the network or exchanged for other cryptocurrencies to pay operational costs.”
Render Network spiked as high as $4.07 after Coinbase’s listing announcement, but has since pulled back and the token is trading at $3.46 at the time of writing.
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.