Alt Coin

Biggest Ethereum Whales Loading Up on Three Decentralized Finance Altcoins As Top Wallet Buys $17,000,000 Worth of Sushi

A whale-monitoring web site reveals that the wealthiest Ethereum (ETH) whales are accumulating three decentralized finance (DeFi) belongings as we enter a brand new 12 months.

Data from WhaleStats reveals that the 1,000 non-exchange Ethereum whales are gobbling up SUSHI, the governance token of the decentralized trade (DEX) SushiSwap.

The whale-tracking platform reveals that over the previous week, deep-pocketed crypto buyers purchased a mean of 3,499 SUSHI price $32,868, good for a fourth-place end on the checklist of high coins purchased by ETH whales. 

The second-richest ETH whale in existence, with complete crypto belongings price $3.5 billion, purchased 1.83 million SUSHI valued at $17.56 billion in three separate transactions

Whales are additionally loading up on the native token of lending and borrowing protocol Aave, shopping for a mean of 78 AAVE price $21,314 over the identical time interval to rank seventh.

Ethereum whales are additionally ramping up their Uniswap(UNI) holdings. WhaleStats reveals that the big crypto buyers bought a mean of 678 UNI tokens price $11,972 within the final seven days to rank tenth.

The main sensible contract platform itself stays the highest bought altcoin among the many most prosperous Ethereum whales with a mean buy quantity of $1.84 million price of ETH over the identical timeframe.

Taking the second and third spots are stablecoins Tether (USDT) and USD Coin (USDC).

Ethereum scaling answer Polygon (MATIC) lands at quantity 5, adopted by blockchain-based gaming ecosystem The Sandbox (SAND). Stablecoin Gemini Dollar (GUSD) grabs the eighth slot whereas decentralized oracle community Chainlink (LINK) sits at quantity 9.

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Featured Image: Shutterstock/KeremGogus/pikepicture

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