Watch Out for SAND and These Altcoins: Whale Invasion!

Current WhaleStats data shows whales trading on popular altcoin projects like SAND, AAVE, and SRM. Here are the details...
 Watch Out for SAND and These Altcoins: Whale Invasion!
READING NOW Watch Out for SAND and These Altcoins: Whale Invasion!

Recently, we’ve seen the biggest Ethereum whales buy huge amounts of Gala Games (GALA) and Loopring (LRC), especially Apecoin (APE). Current WhaleStats data shows that giant wallets have traded in popular altcoin projects like SAND, AAVE, and SRM in the past 24 hours.

Ethereum whales accumulate in SAND and 4 altcoins

Data by WhaleStats shows that the 100 largest Ethereum whales have accumulated in SRM, SAND, AAVE, FTT and MKR over the last 24-hour timeframe It shows that it has passed. USDC, USDT and BUSD are the most traded stablecoins in this process. Crypto lending platform Aave (AAVE) has reached serious whale saturation, according to data from on-chain analytics firm Santiment. On March 25, seven AAVE transactions worth $1 million each took place. According to Santiment, this could trigger profit buying at higher levels. The AAVE price has gained 42% in the past 14 days, suggesting that whales may sell out after a while.

Along with the above cryptocurrencies, the altcoin projects Ethereum whales bought the most in the last 24:

  1. USD Coin (USDC)
  2. Tether (USDT)
  3. Binance USD (BUSD)
  4. Serum (SRM)
  5. Ethereum (ETH)
  6. Sandbox (SAND)
  7. FTX Token (FTT)
  8. Aave (AAVE)
  9. Maker (MKR)
  10. Curve Token (CRV)

En widely used smart contract platforms

Smart contracts are self-executing contracts where the terms of the buyer-seller contract are placed directly in lines of code. The WhaleStats chart below shows the Ethereum contracts consuming the most gas in the last 24 hours, among the top 1,000 Ethereum whales. Apart from stablecoins and Ethereum, DeFi protocol and liquidity provider DODO (DODO), leveraged DEX platform dYdX (DYDX) and Aave (AAVE) are the most used smart contract platforms by whales.

List overview with Apecoin (APE) in tenth place:

  1. Tether (USDT)
  2. Ethereum (ETH)
  3. USD Coin (USDC)
  4. DODO (DODO)
  5. dYdX (DYDX)
  6. Aave (AAVE)
  7. Synthetix (SNX) )
  8. Amp (AMP)
  9. Uniswap (Uniswap)
  10. ApeCoin (APE)

As we quoted asKriptokoin.com, Luna Foundation Guard (LFG) has purchased more than 11,700 BTC to support its stablecoin TerraUSD (UST) reserves.

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