Whales, which are the biggest investors in terms of the amount of coins they hold, do not stop at the weekend. The whales continue to buy and in the last 24 hours, many altcoins, mostly stablecoins, have been found in wallets. Here are the most bought and most traded ones by whales.
Which altcoin projects have been the most bought?
According to WhaleStats analysis, which provides a list of the most purchased coins by whales over the past 24 hours, the top coin by major investors was Ethereum (ETH) at $899k. But across the list, there were stablecoins. As we have also reported as Kriptokoin.com, stablecoins are cryptocurrencies that are based on an asset. In this case, US dollar-backed cryptocurrencies were in the focus of whales. Investors bought $617,000 USD Coin (USDC) and $64k Tether (USDT). Other most purchased coins are as follows:
- Ethereum (ETH)
- USD Coin (USDC)
- Tether (USDT)
- Dai (DAI)
- ApeCoin (APE)
- Basic Attention Token (BAT)
- Polygon (MATIC)
- Bancor (BNT)
- Shiba Inu (SHIB)
- HUSD (HUSD)
Which altcoins were the most traded?
Most of the coins most bought by whales in the last 24 hours are generally high by market cap. However, investors are also trading altcoins with small market caps. Smaller altcoins that whales trade include:
- DOSE (DOSE)
- APY Governance Token (APY)
- Populous (PPT)
- Ripio Credit Network (RCN)
- QUIDD (QUIDD)
- UniTrade (TRADE)
- DOS Network Token (DOS)
- Amon (AMN) )
- Spider DAO Token (SPDR)
- TORG (TORG)
Who are whales?
Crypto whales are entities that hold large numbers of coins of a particular cryptocurrency. As mentioned earlier, there is no “official” threshold for being considered a whale, but when it comes to BTC, the most commonly used figure is 1,000 coins. For altcoins, this number is usually much higher as their market cap is significantly lower than Bitcoin.
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