Investors and analysts have been watching the altcoin market with concern in recent days. The sell-off deepened even further after Bitcoin and Ethereum lost the $20,000 and $1,000 supports. But meanwhile, whales have accumulated in AAVE, SRM, FTT, and a number of altcoins. Here are the altcoins that the biggest Ethereum whales bought on the decline…
FTT, STM, and AAVE, altcoins whales bought on the dip
According to WhaleStats data, Ethereum whales have bought the most USDC, FTT and ETH in the last 24 hours. Ethereum dropped below $1,000 on June 18 as continued selling continued despite the weekend. Meanwhile, most altcoins in the top 20 have been hit hard. Volume giants like Solana, Avalanche and Cardano couldn’t escape the red due to insufficient buyers. Meanwhile, Ethereum whales appear to be changing strategy. Apart from USDC, USDT, and ETH, whales have accumulated in tokens such as SRM, AAVE, and AUDIO. The first for the FTX Token (FTT), which is in the second place of the list, is due to the news of the exchange’s expansion to Canada. As Kriptokoin.com , we have given the details in this article.
It seems that the whales are intent on accumulating some Blockchain platform tokens at bottom prices. Gaming and streaming platforms using cryptocurrencies such as GALA and Livepeer entered the list today. Interestingly, whales continue to accumulate AAVE despite a sharp decline. AAVE completes the list in sixth place with a purchase of approximately $1,500. The general view is as follows.
- USD Coin (USDC)
- FTX Token (FTT)
- Ethereum (ETH)
- Tether (USDT)
- Serum (SRM)
- AAVE (AAVE)
- Audio (AUDIO)
- Livepeer (LPT)
- Polygon (MATIC)
- Gala Games (GALA)
Small-volume altcoins most traded by whales
Whales do a lot of trading on some small-volume altcoins because of their functionality. These projects contain stablecoins that are stable to the euro or tokens of some oracle platforms. At the same time, they have a market capitalization of between $5 and $15 million. For example, PAR, a stablecoin pegged to the euro, is a typical whale token. other projects include stablecoins such as USDTC and ZUSD, or marketing tools such as indaHash Coin.
Shina Token, which is at the top of the list, is an Ethereum-based decentralized meme coin. AMLT, on the other hand, provides a link between traditional markets and Blockchain. These tokens are used in different rates of whale transactions every day. The general view of the list is as follows.
- Shina Inu (SHI)
- PAR Stablecoin (PAR)
- WaBi (WaBi)
- Z.com USD (ZUSD)
- AMLT (AMLT)
- indaHash Coin (IDH)
- SpiderDAO Token (SPDR)
- Genfura Token (XCF)
- BTRN (BTRN)
- Wrapped USTC Token (USTC)
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