Whales, the biggest cryptocurrency investors, haven’t stopped this week either. According to Whale Stats, which provides data on cryptocurrencies in whales’ wallets, investors’ focus this week was on altcoins such as Compound (COMP), ANKR, and stablecoins such as USDT and USDC. Here are the details…
Among the most purchased coins by whales this week is COMP
WhaleStats is a platform that provides the latest data on whales. Based on this data, it turns out that whales have been buying stablecoins recently. The top 10 altcoins that whales buy are as follows:
- Tether (USDT): Average purchase of $70,656
- USD Coin (USDC): Average purchase of $68,942
- Wrapped Ethereum WETH): Average purchase of $11,135
- bb-a-USD: Average purchase of $10,409
- wstETH: Average purchase of $10,408
- Compound (COMP): Average purchase of $10,098
- aBTC: Average purchase of $4,179
- WBTC: Average purchase of $4,119
- ANKR: Average purchase of $3,699
The above list includes relatively large cryptocurrencies by market cap. However, whales can also buy cryptocurrencies that are lower than the market value. These include cryptocurrencies such as BlueSparrow, SPDR, ASET, WBX. You can see the 10 most bought cryptocurrencies and the most traded small coins in the list below:
What is the latest situation in the market?
Meanwhile, as we reported, Bitcoin and other cryptocurrencies are gaining momentum. Bitcoin is once again on the attack after increased volatility yesterday and is close to breaking above $21,000. Led by Dogecoin’s massive gains after the Musk-Twitter deal, altcoins are also doing well on a daily scale. The past few days have been significantly more eventful for the crypto industry and market price movements. Bitcoin remained at $19,000 until the middle of the week, when it broke above $20,000 for the first time in nearly 20 days.
After a brief pullback, it started another rise, culminating in a multi-week high near $21,000. The asset pulled back on Friday as the ECB announced its latest 75 basis point rate hike. This brought BTC back to $21,000. Also, more volatility came when the US released personal income figures for September. As a result, Bitcoin’s market cap once again went up to $400 billion. Its dominance over altcoins has taken a slight hit as many altcoins are in the green today.
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