On-chain whale watching platform WhaleStats shared the top 10 altcoin projects with the most purchases by the first 1,000 Ethereum whales. According to data provided by the platform, Polygon (MATIC) and Uniswap (UNI) are among the top 10 tokens purchased in the last 24 hours. After a February 10 correction in the market trying to recover from the crypto crash, most Bitcoin (BTC) and altcoin projects were trading in the red at the time of writing. For details, continue reading Kriptokoin.com.
Ethereum whales prefer these altcoin projects the most
According to the data provided by WhaleStats, the top 1,000 Ethereum whales most preferred crypto is Ethereum (ETH), the leading altcoin project, followed by USD Coin (USDC). ) is following. The stablecoin project Tether (USDT) is in third place. Others are listed as follows: BUSD, GUSD, WOO, SLP, MATIC, UNI and LRC.
Bitcoin and altcoins fell as 24 saw a slight correction hourly liquidations totaled $192.77 million. The higher-than-expected US Consumer Price Index (CPI) is putting pressure on the Fed to raise interest rates, forcing crypto markets to trade low.
On the other hand, the Crypto Fear and Greed Index, which measures market sentiment, is currently ‘neutral’, indicating that traders are unaffected by the drop. Meanwhile, investors used the time to hoard their favorite tokens, with Polygon (MATIC) and Uniswap (UNI) among the top 10 altcoins purchased within 24 hours. The two tokens are also among the most used smart contracts. The Shiba Inu (SHIB) remains the largest holding among whales, while Uniswap is the largest holding.
Markets tumbled on expectations that the Federal Reserve may need to start raising interest rates sooner due to skyrocketing inflation. At press time, most Bitcoin (BTC) and altcoin projects were trying to reduce losses over the past 24 hours. The total cryptocurrency market cap stands at roughly $1.73 trillion, while Bitcoin is currently trading at $42,600.
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