Cryptocurrency rally in the environment of geopolitical uncertainties created by Russia’s attack on Ukraine gives excitement to investors. The movements of whales, deep-pocketed crypto investors, are being watched carefully amid the market recovery. While Bitcoin (BTC) is breaking the $44k resistance strongly, the altcoin market is trying to follow BTC in an effort to quickly recoup the losses of the last weeks. In this article, as Kriptokoin.com, we will focus on altcoin projects that whales are after in the light of the latest data from WhaleStats.
Top altcoin projects held by whales
As of writing, Bitcoin (BTC) strongly broke the resistance of $ 44 thousand, while the altcoin market is trying to quickly compensate for the losses of the last weeks. trying to go after BTC by working. In this context, UniSwap (UNI), the popular decentralized finance protocol used to exchange cryptocurrencies, stands out as the most widely held altcoin project by whales. On the other hand, when we look at the largest token position by dollar value, we see FTT. FTT is a flexible exchange token, as well as the native token of the FTX exchange led by Sam Bankman-Fried. FTT’s features allow traders to place leveraged positions without the need to trade on margin.
ETH at the top of the list
If we look at the “top 10 holdings” held by whales, according to data from WhaleStat, which monitors the 100 largest Ethereum whales, the situation is as follows: We can summarize. ETH is at the top of the list of top coins held by Ethereum whales, the average amount of tokens is 174908. The second place on the list is FTX Token, and the average amount is 359852.
and the third place is Dogecoin killer. There is called SHIB. The coin that follows it is USDC with an average amount of 8 169922. USDT comes right after. The name of the altcoin project in the sixth place of the list is BEST, and the average amount is 4550012. The seventh altcoin is Polygon (MATIC) with an average amount of 2367055. Eighth on the OCD list with 194966 average amount. In the ninth place of the list, Decantraland (MANA) comes with the average token amount of 1210517. The coin at the bottom of the list is CHSB, the average token amount is 6015884.
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