New data from a whale watching platform reveals that the world’s largest Ethereum whales are stocking up on a few gaming altcoins while nearly the entire crypto market continues to consolidate.
WhaleStats, a blockchain transaction tracker, tweeted earlier today an updated list of the ten most purchased cryptocurrencies by whales in the past 24 hours. The list of most purchased tokens was as follows:
$QNT @quant_network is back on top 10 purchased tokens by 1000 biggest ETH wallets 🧐🧐
Other names on the list are $GALA, $MATIC, $LINK, $ENJ, $POLY and $AXS 🐳🐳
Any of these tokens are you buying today? 🤔
Whale leaderboard: https://t.co/28TDZ6JFiD pic.twitter.com/G4ltln2t1r
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 6, 2022
The data shows that a sizable 30 percent of the whales’ interest is in the gaming industry. Gala (GALA)not only ranks fourth on the list of purchases in the last 24 hours, but also ranks seventh on the overall list, with an average investment of 1,225,974 tokens worth $474,572 by whales.
Another metaverse coin Enjin Coin (ENJ) on the other hand, has a total investment of more than $128.9 million, which accounts for 1.2 percent of Ethereum whale assets.
Play-to-win platform Axie Infinity (AXS) The Ethereum-based virtual world completes the 24-hour activity list, taking the 10th place. Sandbox on the other hand, it is not on the list as before and is not currently on the radar of whales interested in gaming platforms.
WhaleStats also tracks some of the biggest catches by individual whale wallets. Here are some of the latest mega purchases:
ETH whale, known as Light, which ranks fourth among the largest ETH whale wallets, bought 13,340 QNT for $2,129,864.
🐋 ETH whale “Light” just bought 13,340 $qnt ($2,129,864 USD).
Ranked #4 on WhaleStats: https://t.co/g2Ri3NWSgL
Transaction: https://t.co/8KjlTewlRi#QNT #Overledger #mDApps
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 6, 2022
An unnamed whale, which ranks third among the largest ETH wallets, received a purchase of one million MATIC for $2,140,000. took place.
Like many other whales, the ETH wallet at the 293rd place is on its eye. polygonturned to and MATIC He continued to pack his bags. The giant whale bought 1,239,999 MATIC for $2,951,199.
The 90th-ranked ETH whale paid $1,016,376 for 16,426,551 Internet of Things data networks. Mxc (MXC) he swallowed it.
The crypto market woke up to a red morning today. The market turmoil came after the decisions of the US Federal Reserve’s December meeting, which showed the central bank could raise interest rates from March, were released Wednesday. The news caused markets, including US stocks, to drop.
Alongside this, Bitcoin has also faced another headwind in the crypto mining industry as a wave of protest erupted in Kazakhstan, the second largest Bitcoin mining hub. The rate of mining pool hash rates from half a day ago indicates a drop in the rates of many mining pools at the moment.
For these reasons, the market entered a major correction as a result of the bloodbath. Bitcoin (BTC), the world’s most valuable cryptocurrency, went into a free dive, falling as low as $ 42,466 during the day, and is trading at $ 43,517 at the time of writing. Ethereum (ETH), the leading smart contract platform, also followed BTC to $ 3,331 and is trading at $ 3,454 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.