According to on-chain analytics platforms Santiment and WhaleStats, the number of Ethereum (ETH) whales is on the rise. According to both platforms, these whales are buying ApeCoin and some metaverse altcoins.
ApeCoin is popular among ETH whales
Analytical firm Santiment underlined a huge increase in Ethereum holdings among the richest crypto wallets in the world, while also revealing that these whales are investing in the recently popularized ApeCoin (APE). putting it. The company says that the number of Ethereum holders holding more than 10,000 ETH has reached levels not seen since December last year. Santiment believes the accumulation of whales is indicative of future price increases.
The number of Ethereum addresses with over 10,000 ETH reached the largest amount (1,329) since December 2021. That includes 40 more in just 5 weeks. There is a clear correlation between the number of whale addresses and future price action.
Kriptokoin.com, which we frequently refer to for analysis, WhaleStats said that Ethereum was one of the most popular cryptocurrencies among whales last week and the average purchase was 1,919 ETH at a total of 6,230,754 dollars. It states that it has a token. Besides ETH, ApeCoin (APE) and metaverse-based coins seem to be very popular among whales.
What other altcoins are whales buying?
WhaleStats’ top-purchased non-stablecoin cryptocurrencies last week include the play-to-win blockchain gaming platform Gala Games (GALA). Whales purchased an average of 1,032,251 GALA tokens for $276,738. Major ETH wallets are also buying Bored Ape Yacht Club side project ApeCoin (APE) with an average of 20,055 coins at $270,193.
Apart from GALA and ApeCoin, whales buy 72,756 ETH-based virtual world The Sandbox (SAND) for $251,123. In addition, ETH whales paid $246,704 for 81,210 SRM tokens and $160,244 for 96,931 MATIC tokens. Finally, whales buy an average of 855 AAVE tokens for $148,507, according to data obtained by WhaleStats.
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