The cryptocurrency market has been consolidating for some time now. Although Bitcoin (BTC) occasionally exceeded $ 30 thousand, it could not clearly turn this level into support. Meanwhile, alongside typical whale cryptos like Chainlink (LINK) and Fantom (FTM), whales are turning to altcoin projects like YFI and BAT.
Which altcoin projects have whales stocked in the last 24 hours
According to data provided by WhaleStats, Ethereum whales have increased their USDC and USDT transactions in the last 24-hour timeframe. DeFi altcoin YFI was one of the altcoin projects that attracted the attention of whales in this process. Interestingly, Polymath, which aims to move securities to Blockchain, is in tenth place with approximately $356 of purchases.
The most bought list, which includes GRT and BAT tokens, consists of the following cryptocurrencies.
- USD Coin (UDSC)
- Tether (USDT)
- Ethereum (ETH)
- Wrapped Bitcoin (WBTC)
- Yearn.finance (YFI)
- Chainlink (LINK)
- Phantom (FTM)
- Graph Token (GRT)
- Basic Attention Token (BAT)
- Polymath (POLY)
Meanwhile, PAR Stablecoin (PAR) was the most purchased small-volume altcoin project among Ethereum whales.
Whales Stocking These 12 Altcoin Projects Ethereum whales have bought close to 87 billion Shiba Inu (SHIB)
Cryptocoins. A large amount of Shiba Inu (SHIB) has been added by a major ETH investor, according to WhaleStats data we quoted as com . Shiba Inu’s shares in the top 100 ETH investors are falling, even though this whale has bought around 90 billion tokens.
🐳 ETH whale "BlueWhale0073" just bought 86,740,251,500 $shib ($1,015,728 USD).
Ranked #291 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/a57CD9ASGg#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) May 24, 2022
A whale known as “BlueWhale0073” Bought 86,740,251,500 Shiba Inu (SHIB). This amount of SHIB cost him $1,015,728. However, this whale uses SHIB as a purely speculative asset because it always sells the tokens that Shiba acquired after purchasing it. SHIB and other small-cap tokens currently only make up 0.2% of this investor’s portfolio.
Whales bought SHIB down $0.00001136 and sold briefly for $0.0000119. These small fluctuations can give whales a good profit on large SHIB volumes. At the time of writing, “BlueWhale0073”’s wallet contains USDT (62.74%), USDC (19.9%), and LINK (14.09%).
