The whales, who are the biggest investors in terms of the number of coins they own, don’t stop at the weekend. Whales continue to buy, and over the past 24 hours, many altcoins have been found in wallets, mainly stablecoins. Here are the most bought and most sold whales.
Which altcoin projects are bought the most?
According to an analysis by WhaleStats, which provides a list of the most purchased coins by whales over the past 24 hours, the largest coin among major investors was Ethereum (ETH) at a price of $ 899 thousand. But there were stablecoins in the whole list. As we reported on Somagnews, stablecoins are cryptocurrencies based on an asset. In this case, cryptocurrencies backed by the US dollar became the focus of whales’ attention. Investors bought a $617,000 coin (USDC) and a $64,000 Tether (USDT). Other most purchased coins:
Ethereum (ETH)
US Dollar Coin (USDC)
Tether (USDT)
Dai (DAI)
ApeCoin (APE)
The Main Attention Token (BAT)
Polygon (MATIC)
Bancor (BNT)
Shiba Inu (SHIB)
HUSD (Gdollar USA)
Which altcoins were traded the most?
Most of the coins bought by whales in the last 24 hours tend to have a high market capitalization. However, investors also trade altcoins with a small market capitalization. Small altcoins traded by whales include:
DOSE (DOSE)
APY Management Token (APY)
Locality (PPT)
Ripio Credit Network (RCN)
QUIDDITCH
UniTrade (TRADE)
DOS Network Token (DOS)
Amon (AMN)
Spider DAO Token (SPDR)
AUCTION (AUCTION)
Who are whales?
Cryptokits are organizations that own a large number of coins of a certain cryptocurrency. As mentioned earlier, there is no “official” threshold for being considered a whale, but when it comes to BTC, the most commonly used figure is 1000 coins. For altcoins, this number is often much higher, since their market capitalization is significantly lower than that of Bitcoin.
