The calm of the weekend seems to be reflected in the Bitcoin and altcoin markets as well. While the prices are moving sideways, the altcoin purchases of the whales are below the average. So, what was the focus of the whales on the last day of the week? Here are the details…
Whales added these altcoin projects to their portfolio
According to Whale Stats, which lists the on-chain data of whales, which are quite large investors in terms of the amount of coins they hold, whales are the most stablecoin in the last 24 hours. Bought from. As Cryptokoin.com has previously reported, stablecoins are cryptocurrencies based on a specific asset. In this case, the altcoins that whales focused on were US dollar pegged Binance USD (BUSD) and Tether (USDT).
Whales bought $289,259 worth of BUSD over the past 24 hours, with an average purchase value of $218,282 for USDT. Next came Ethereum (ETH). Whales added about 26 ETH to their portfolio, which equates to $76,649. After ETH, USD Coin (USDC), also a stablecoin, came in fourth place. The full list of altcoins that whales bought the most over the past day is as follows:
- Binance USD (BUSD)
- Tether (USDT)
- Ethereum (ETH) )
- USD Coin (USDC)
- FTX’s 3X Short Bitcoin Token (BEAR)
- Audius (AUDIO)
- Curve DAO Token ( CRV)
- Aave (AAVE)
- Shiba Inu (SHIB)
- Synthetix Network Token (SNX)
What happened to the most bought small altcoins?
Apart from the large altcoins above, whales also traded altcoins that can be considered small compared to others with their market capitalizations. These coins are generally not among the top 100 popular coins by market cap and are unknown to the majority. Below you can see the 10 minor tokens with the highest total transaction count among the top 1,000 Ethereum wallets in the last 24 hours:
- Pendle (PENDLE)
- Z.com USD (ZUSD)
- DOS Network Token (DOS)
- SpiderDAO Token (SPDR)
- Digitex Futures (DGTX)
- HYDRO TOKEN (HYDRO)
- Curve .fi DAI/USDC/USDT (3Crv)
- AssangeDAO (JUSTICE)
- DeGate Token (DG)
- Envoy Token (VOY)
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