Ethereum Whales Are Accumulating These Altcoins As Crypto Market Stands Still!

The post Ethereum Whales Are Accumulating These Altcoins As Crypto Market Stands Still! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Since the crypto markets are displaying warning signs of stability, the largest Ethereum (ETH) whales are obtaining decentralized oracle community Chainlink (LINK) and hard and fast decentralized finance (DeFi) altcoins.

When whales aim to retain their assets for a long time, they frequently transmit cryptocurrencies from platforms.  Close to 5000 of the biggest Ethereum wallets (the “whales”) are tracked by Whalestats, with an average value of $24,239,292 and an average of 10,244 ETH, 7 tokens, and 1 NFT.

According to blockchain researcher WhaleStats, the top 100 Ethereum whales at the moment are more interested in stablecoins and 6 altcoins, with Chainlink rating 7th with a standard buy-in of $990 for 130 LINK tokens.

On the other hand, it seems that ETH whales are now heading to DeFi space. These whales are especially opting for crypto lending platform NEXO as well as UMA

Maker (MKR), the governance token that aids DAI stable coins is ranked 8th position. ETH whales are holding nearly 0.55 MKR for $855.

Next comes Curve Finance (CRV), which is an Ethereum token that powers Curve. finance, a decentralized exchange, and an automated market maker protocol.CRV holds the 9th position with whales holding an average of 200 CRV tokens for $282. 

Gala (GALA), a play-to-earn blockchain gaming platform, stands at 10th position, with ETH whales holding nearly  2,499 GALA tokens for $230.

The majorly held stablecoins amid ETH whales are US Dollar Coin (USDC) and Tether (USDT), followed by algorithmic stablecoin TerraUSD (UST).

The whales spent an average of $1,054,784 to acquire 515 ETH tokens, putting Ethereum in third place overall.