Bitcoin rallied over 10% on July 18, while the altcoin market accompanied the Ethereum-led rally. Whether the current levels are the bottom is still a matter of debate. However, the whales seem to be in a hurry to accumulate MATIC and a number of altcoins.
ETH whales have collected these altcoins in the last 24 hours
WhaleStats data shows that the biggest Ethereum whales are once again accumulating in the LDO token. Lido, a liquidity protocol for ETH 2.0, has faced a crisis similar to what happened at LUNA in the past few weeks. However, recent data shows that Lido Finance’s token, LDO, has been the most purchased token among whales in the past 24 hours. The LDO price gained more than 5% today, accompanied by these acquisitions. Apart from that, Ethereum (ETH) and USD Coin (USDC) top the list with over $2 million in purchases. Not surprisingly, USDT, the largest stablecoin by market cap, is seeing less purchase today. USDT is usually in the top 3 of this list. However, investors who want to participate in the altcoin rally are switching from stablecoins.
Other notable altcoins include Apecoin, Aaave, and Fantom. Today saw $5,000 purchases by the top 100 Ethereum whales each. The general view of the list is as follows.
- Ethereum (ETH)
- USD Coin (USDC)
- Lido DAO Token (LDO)
- FTX Token (FTT)
- Tether (USDT)
- BarnBridge Governance Token (BOND): Cross chan protocol for tokenization
- Apecoin (APE)
- AAVE (AAVE)
- Serum (SRM)
- Synthetix Network Token (SNX)
MATIC among the most traded altcoins
The following list provided by WhaleStats shows the altcoins that Ethereum whales have traded the most in the last 24 hours. In this list of trading volumes, Ethereum and stablecoins USDC and USDT top the list. LDO, which has seen a purchase of 175 thousand dollars today, sees its position in the top 5 again. One of the prominent altcoins in this list was Shiba Inu (SHIB), in particular. Whales made a large amount of SHIB transactions today. However, SHIB is still following the trail of a new competitor.
The Shiba Inu has long been the most popular cryptocurrency among Ethereum whales. ETH whales always hold large amounts of dollars in SHIB token. However, this leadership is currently in the hands of Silverway token. Silverway is an integrated transaction data and liquidity provider for private sale tokens. The platform provides aggregated data on over-the-counter transactions to support professional traders. SLV currently ranks first in the position of the largest dollar and the most widely held token. Purchases received in the last 24 hours indicate that SHIB is trying to reclaim this position.
The Shiba Inu is also becoming increasingly popular among Coinbase whales, as quoted by Cryptokoin.com.
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