The largest Ethereum (ETH) whales, according to the data, are buying from the meme coin Shiba Inu (SHIB) and ApeCoin (APE), which is relatively new in the cryptocurrency space. Here is the latest data from WhaleStats…
ApeCoin is in the focus of whales
Whale Stats, which provides data on whales, shows the movements of the 100 richest ETH whales out of stock market. As we have also reported as Kriptokoin.com, whales are considered market players with significant funds that can move the cryptocurrency market. According to digital asset tracking site, trading volume among deep-pocketed crypto investors in the last 24 hours has been prominent with The Sandbox (SAND). The Sandbox is a metaverse. The platform’s token, SAND, seems to be popular with whales, with a total of 115,191 tokens being traded.
Other than that, whales are turning to Ethereum (ETH) and a few stablecoins. Stablecoins are cryptocurrencies pegged to the price of a particular asset. In this case, large investors are buying US dollar-pegged stablecoins. Whales, on the other hand, are attracted to Yuga Labs’ ApeCoin (APE).
Developed based on the Bored Ape Yatch Club (BAYC) NFT collection, APE attracted attention among investors after the release of new announcements regarding its first metaverse, “Otherside”. With the announcement, a total of 90 thousand dollars of tokens were bought and sold in 24 hours. Notably, the sixth-ranked ETH whale, BlueWhale0097, bought 250,000 APE for $4,410,000.
MANA and SHIB are also interested in whales, Decentraland (MANA) and Shiba Inu (SHIB) apart from Apecoin in major wallets
. Whales traded $81,422 on MANA and $56,218 on SHIB over the past 24 hours. Meanwhile, the fifth largest ETH whale wallet named BlueWhale0073 bought SHIB for $5,454,792. At the time of writing, altcoins in the focus of whales are on the decline. Ethereum (ETH) is down 4.3 percent at $2,880, SHIB is down 4% at $0.00002320, and MANA is down 4.6 percent at $1.84. In contrast, APE rose 4 percent.
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