Cryptocurrency investors are curiously following what whales who hold large amounts of altcoins are buying and selling, because whales are known to have a large impact on the market. In general, when whales collect their coins and do not sell them, it reduces the total amount of coins that can be bought in the market. According to experts, this could put upward pressure on cryptocurrencies and push prices higher. The fewer cryptocurrencies available, the less they are found. Scarcity is a factor that can drive prices up and is a big reason why assets like diamonds and gold have such high prices. However, it is worth noting that the supply of some coins is not certain. As Kriptokoin.com, we are transferring the altcoins that Ethereum whales buy and sell the most today…
Ethereum whales bought from these 10 altcoin projects
According to WhaleStats, which analyzed on-chain whale data, The first altcoin bought the most was Ethereum (ETH), the second largest cryptocurrency by market capitalization. In the last 24 hours, an average of $261,642 ETH was received. This value is equivalent to 84 ETH. Second, stablecoin Tether (USDT) for $46,355 was purchased. ETH and USDT were followed by Woo Network (WOO). According to the data, the whales bought 40,114 WOO for $24,089. Following the top three are various stablecoins and coins focused on decentralized finance (DeFi). You can see the full list of coins the whales bought in the last 24 hours below:
- Ethereum (ETH)
- Tether (USDT)
- Woo Network (WOO)
- Binance USD (BUSD)
- USD Coin (USDC)
- Polygon (MATIC)
- Chainlink (LINK)
- Dai (DAI)
- Sushi (SUSHI)
- Compound (COMP)
Whales sold these 10 altcoins
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Looking at the top-selling altcoins by whales, Ethereum seems to be at the top in this segment as well. Major investors have sold 88 ETH equivalent to $271,451 over the past 24 hours. ETH was followed by USDT as well as on the most bought list. In third place came Binance USD. The full list is as follows:
- Ethereum (ETH)
- Tether (USDT)
- Binance USD (BUSD)
- HEX (HEX)
- USD Coin (USDC)
- Sushi (SUSHI)
- Polygon (MATIC)
- The Sandbox (SAND)
- Decentraland ( MANA)
- Gala Games (GALA)
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