As is known, the popular altcoin Cardano (ADA) is trading well below its all-time high. Accordingly, at the time of writing, the altcoin is changing hands with a price tag of $0.58. However, the fact that its price is so low may also be creating a buying opportunity. Popular whale data provider WhaleStats shared the movements of BNB whales on Twitter today. The results interestingly revealed that ADA and 5 other altcoins were in high demand.
BNB whales Cardano and its pursuit of these altcoin projects
According to a recent tweet by WhaleStats on-chain data aggregator, Cardano on the BNB Chain (formerly known as the BSC chain) is the network’s top entered the list of purchased digital currencies. Accordingly, ADA is currently among the top 10 most purchased tokens in the Binance ecosystem. The same data platform said that due to heavy selling pressure, Binance whales are also on its radar. Accordingly, ADA has become one of the most purchased altcoin projects in the ecosystem, as well as the most invested by Whales.
Cardano is currently the fifth most purchased cryptocurrency on the Binance Blockchain. BSC whales, on the other hand, hold a cumulative $19.17 million worth of ADA. Whales still accumulate the most Binance Coins (BNB). BNB is followed by Ethereum (ETH), Binance USD (BUSD) and Binance Peg (BSC-USD), respectively.
These 5 altcoins hit the radar of major wallets
Additionally, ADA wasn’t the only one to hit the whales’ radar again. Along with Binance whales Cardano, it added Bluzelle (BLZ), Dogecoin (DOGE), Everdome (DOME), Bitgert (BRITE) and Chainlink (LINK) altcoins to its basket. The top 500 BNB whales hold a total of $45.8 million in DOGE, according to the data. Everdome is the most popular cryptocurrency after DOGE. Accordingly, whale wallets contain DOME worth $35.1 million.
BNB whale receives DOGE and MATIC on a massive scale
Alongside the Cardano project, BNB whales are also pursuing other altcoin projects such as MATIC. As Kriptokoin.com reported yesterday, “Scarlet Witch”, the 74th largest whale in the Binance ecosystem, received Dogecoin and MATIC on a massive scale. Accordingly, the wallet added 400 million DOGE worth $31.66 million to its basket. This whale sold some Dogecoin after yesterday’s purchase. Accordingly, he currently holds DOGE worth $30.31 million. Also, 28.52% of the assets in his portfolio are meme coin.
Earlier today, the same wallet received a staggering amount of MATIC tokens. Accordingly, the whale added 200 million MATIC worth $128.3 million to its basket. After that, he burned all his MATICs by sending them to a dead wallet. Scarlet Witch did a similar MATIC burn at the beginning of 2022.
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