The 100 largest Ethereum whales have turned their attention to a range of altcoins across multiple sectors as ETH and the broader crypto markets continue to decline.
Data from WhaleStats shows Ethereum whales have an average buyout of 151 AAVEs worth $26,262. Also in the decentralized finance (DeFi) arena, ETH whales are accumulating Compound (COMP), a decentralized finance platform. Deep-pocketed crypto holders on the Ethereum network are also eyeing two altcoins in the decentralized media space.
WhaleStats on-chain data shows Livepeer (LPT) as the third most bought altcoin by Ethereum whales in the last 24 hours and Audius (AUDIO) ranked fourth. Livepeer aims to provide a decentralized video streaming protocol while Audius is trying to create a decentralized, artist-centric audio streaming service.
Also appearing on the list of most searched altcoins by Ethereum whales is NuCypher (NU), which provides cryptographic services such as access control and data security. NU is the sixth most bought token by Ethereum whales, excluding stablecoins and ETH.
After NU is Spell (SPELL), a platform that allows users to deposit collateral as crypto-assets with interest.
Rounding out the list is PAX Gold (PAXG), an Ethereum-based stablecoin, issued by Paxos and backed by gold. The top altcoins held by Ethereum whales are stablecoin USD Coin (USDC) and Ethereum itself.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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