The cryptocurrency market is heavily influenced by whales. Along with things like fear and uncertainty in government regulations, investment cycles, and price movements, the activity of crypto whales also negatively impacts cryptocurrencies. For the most part, Ethereum whales have made the headlines since the crypto market crashed. In this article, we have listed the cryptocurrencies that Ethereum whales bought and traded the most over the weekend. These coins include GALA, AAVE, ETH and various stablecoins. Here are the details…
Whales bought the 10 most altcoins: Among them is GALA
According to Whale Stats, which analyzes the top 100 Ethereum wallets, whales have added various altcoins to their accounts over the past day. Among the most preferred cryptocurrencies by whales are various stablecoins, including USDC, BUSD and USDT. Whales bought 2.3 million dollars from USDC, 200 thousand dollars from BUSD and 76 thousand dollars from USDT. The list also includes GALA, one of the popular play-to-earn / P2E platforms. Cryptocurrency whales bought $1,700 from GALA. Decentralized finance (DeFi) coins are also in the focus of whales. You can see the full list as follows:
- USD Coin (USDC)
- FTX Token (FTT)
- Ethereum (ETH)
- Binance USD (BUSD)
- Tether (USDT)
- AAVE (AAVE)
- Yearn Finance (YFI)
- Fei (FEI)
- Audius (AUDIO)
- Gala Games (GALA)
As Kriptokoin.com have previously reported, FTX Token (FTT) has come to the fore with the possibility of purchasing the recently troubled credit platform BlockFi. It was rumored that the popular derivatives platform FTX would buy the company with a valuation of $ 25 million. However, there is no official statement, and the CEO of BlockFi said that an acquisition is out of the question. Still, it was rumored that whales added FTT to their wallets in anticipation of this deal.
Which were the most traded coins?
Apart from the top 10 most bought coins by whales, WhaleStats also lists the most traded coins. According to Whale Stats data, the most traded coins and the most bought coins are similar. The most traded coin was FTT with an average volume of $5 million. Next came USDC with $3.7 million in volume. You can see the full list below:
- FTX Token (FTT)
- USD Coin (USDC)
- Ethereum (ETH)
- Tether (USDT)
- Binance USD (BUSD)
- Serum (SRM)
- AAVE (AAVE)
- Yearn Finance (YFI)
- Fei (FEI)
- Cronos (CRO)
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