The wealthiest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two different decentralized finance (DeFi) altcoins because the crypto markets take a breather.
Knowledge from whale-surveilling platform WhaleStats reveals that the highest 1,000 Ethereum whales purchased a mean of $12,766 price of MATIC tokens within the final 24 hours.
One notable Polygon transaction entails the second-largest Ethereum whale in existence purchasing 2,000,000 MATIC tokens price $5.02 million because the altcoin pulled again from its all-time excessive of $2.92. At time of writing, MATIC is buying and selling at $2.57.
One other altcoin that deep-pocketed traders are accumulating amid the pullback is DeFi protocol Aave (AAVE). In line with WhaleStats, whales bought a mean of $10,627 price of Aave over the identical interval.
Mild, the fourth-wealthiest Ethereum whale, made one of many largest Aave purchases previously day to the tune of 19,949 Aave price $5.55 million.
WhaleStats additionally reveals that giant crypto traders are loading up on decentralized alternate Sushi (SUSHI) with a mean buy quantity of $4,140 over the identical timeframe.
Wanting on the high ten altcoins bought by Ethereum whales previously day, main good contract platform ETH sits on the high of the record with a mean buy quantity of $289,590.
Stablecoins Tether (USDT) and USD Coin (USDC) rank second and third.
Woo Network (WOO), a decentralized fintech startup and pool buying and selling platform, takes the seventh spot adopted by Wrapped Bitcoin (WBTC). Metaverse tokens Decentraland (MANA) and The Sandbox (SAND) spherical out the record.
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