The richest Ethereum (ETH) whales as the cryptocurrency markets take a breather Polygon (MATIC) and two other decentralized finance (DeFi) altcoins.
Data from WhaleStats, a whale watching platform, shows that the top 1,000 Ethereum whales each purchased an average of $12,766 worth of MATIC tokens in the past 24 hours.
The most notable among these was the Polygon transaction, the second largest Ethereum whale in existence as the altcoin retraced from its all-time high of $2.92. The giant whale bought 2,000,000 MATIC tokens worth $5.02 million. At the time of writing, MATIC is trading at $2.56.
Another altcoin accumulating by deep pocketed investors amid the pullback is a DeFi protocol. AAVE (AAVE). According to WhaleStats, the whales each purchased an average of $10,627 worth of Aave during the same period.
Light, the fourth-richest Ethereum whale, made one of the largest Aave purchases of 19,949 tokens worth $5.55 million last day.
WhaleStats also reports decentralized exchanges with an average of $4,140 purchases by each of the major crypto investors in the same timeframe. Sushi reveals what they have accumulated.
Looking at the top ten altcoins bought by Ethereum whales in the past day, the leading smart contract platform ETH tops the list with an average purchase amount of $289,590.
stablecoins Tether (USDT) and USD Coin (USDC) It ranks second and third after ETH.
A decentralized fintech start-up and pool trading platform Woo Network (WOO) while in sixth place Wrapped Bitcoin (WBTC) is watching. Metaverse tokens Decentraland (MANA) and The Sandbox (SAND) the eighth and ninth places complete the list.
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.