Top Traders Accumulate Seven Altcoins Built On Ethereum, Says Crypto Whale Watcher

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The biggest crypto whales in the Ethereum ecosystem are using the market downturn to buy more ETH, dollar-linked stablecoins, and seven more altcoins running on the leading smart contract platform.

According to crypto whale tracker WhaleStats, the top 1,000 Ethereum no-exchange wallets have accumulated an average amount of around $ 365,000 in ETH, $ 154,000 in Tether (USDT), and $ 43,000 in USD coins (USDC). in the last 24 hours.

Going down the list of the most purchased Ethereum whales tokens over the past day, we see a build-up of the Decentralized Exchange Token (DEX) Uniswap (UNI) and the Oracle blockchain Chainlink (LINK) to an amount average of about $ 1,500 per piece.

This is three times the amount that whales gobbled up memecoin Shiba Inu (SHIB), which saw an average purchase amount of $ 511 from SHIB during the same period.

Ethereum whales appear to prey on small and mid-cap krill as well, such as metaverse gaming altcoin The Sandbox (SAND), Decentralized Finance (DeFi) Platform UMA (UMA), and Paxos stablecoin PAX. Gold (PAXG) backed by gold.

Aside from Ethereum, USDT, and USDC, Whales have accumulated the Ethereum layer-2 (MATIC) solution polygon more than any other altcoin over the past day, for an average purchase amount of around $ 32,000.

Source: WhaleStats

Polygon has been so popular among Ethereum whales that the fourth largest whale in existence has just added 8,000,000 MATICs worth $ 16.5 million to its ever-expanding belly.

At the time of purchase, MATIC’s 8 million was worth over $ 16 million.

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