The biggest Ethereum whales made hefty purchases in a metaverse coin project as the ETH and altcoin market swayed on the brink of collapse.
Whales are quietly accumulating this metaverse coin project according to WhaleStats
The largest Ethereum investors, known as whales, are the largest investors in Ethereum, which are airdropped Apecoin (APE) to members of the Bored Ape Yacht Club community, according to data provided by WhaleStats. It ranked first among the most purchased cryptocurrencies. Except for stablecoins like USDT, USDC, BUSD or Ethereum (ETH), Apecoin appears to be the most bought altcoin in the last 24 hour time frame. Meanwhile, the popular metaverse coin has a $172,216 position in the wallet of the top 100 ETH whales. The purchases on March 8 came as the price of Apecoin fell 10% to $11.69.
Whales are accumulating in these altcoins
One such cryptocurrency that attracts whales is an Ethereum-based exchange that enables the creation of decentralized exchanges through the use of zero-knowledge proofs. Loopring (LRC) token. According to data from the whale watching service, the average Ethereum whale in the top 100 list has an average of 37,880 LRC worth $26,669.
API3, the native cryptocurrency of the API3 project, is the sixth most bought altcoin among Ethereum whales. The API3 project aims to connect traditional application programming interfaces (APIs) to the Blockchain world. Other notable altcoins are decentralized publishing platform Audius (AUDIO), social token platform Chiliz (CHZ), decentralized finance protocol Yearn Finance (YFI), and smart contract platform Fantom (FANTOM).
Meanwhile, Ethereum (ETH) has surpassed all other cryptocurrencies in terms of deep-pocketed investor purchases, with 368 ETH purchased at an average value of $994,008. The stablecoins USD Coin (USDC) and Tether (USD) round out the top 10 list of the most valuable cryptocurrencies.
Whales are moving away from these altcoin projects
As we quoted as Kriptokoin.com, the following altcoins were sold the most among the top 100 Ethereum whales today. Details can be found here.
- Tether (USDT)
- Ethereum (ETH)
- Wrapped UST Token (UST)
- The Sandbox (SAND)
- ZRX (ZRX)
- Curve DAO Token (CRV)
- Pax Dollar (USDP)
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