Trades continue to take place in the wallets of whales, the largest altcoin investors. Sharing analysis of the wallets of the 1,000 largest Ethereum whales, Whale Stats listed what investors bought in the last 24 hours. Here are the details…
Altcoin whales add these 10 coins to their wallets
Leading altcoin Ethereum (ETH) whales have added almost a million dollars worth of Ethereum to their portfolios over the past 24 hours. Subsequently, USDC and USDT stablecoins became the most purchased coins by whales. As we have also reported as Kriptokoin.com, these coins are cryptocurrencies based on the US dollar. Apart from these, you can see the most purchased cryptocurrencies by whales in the following list:
- Ethereum (ETH)
- USD Coin (USDC)
- Tether (USDT)
- ApeCoin (APE)
- Loopring (LRC)
- API3 (API3)
- Audius (AUDIO)
- Chiliz (CHZ)
- Yearn.finance (YFI)
- Phantom (FTM)
Whales focus on two smaller coins
Whales have also traded in smaller cryptocurrencies by market cap over the past week. During the past days, the most Parachute (PAR) and DeGate (DG) transactions have been made. Parachute is the decentralized autonomous organization (DAO) and the community behind PAR. Together, Parachute DAO explores creating new products and utility for PAR through community-driven offerings and governance. DeGate aims to be an Ethereum layer-2 (L2) native decentralized exchange (DEX) protocol created and managed by the community as a Decentralized Autonomous Organization (DAO).
Who are the whales?
Whales are individuals, institutions, and exchanges that hold substantial tokens of a particular cryptocurrency. For example, when it comes to Bitcoin, a whale is an account that holds 1,000 Bitcoins or more. Some examples of well-known whales include Pantera Capital and Fortress Investment Group. Cryptocurrency whales are becoming a common sight in the cryptocurrency world, especially when it comes to Bitcoin. In 2017, a single Bitcoin whale caused the price to soar to a record $20,000 per token.
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