Top ETH Whales Are Buying These Altcoins As Crypto Market Plunge Hard
Curve DAO (CRV) is essentially a decentralized exchange and automated market maker protocol. The Automated Market Maker (AMM) is used by Curve DAO in order to manage liquidity as it is designed to facilitate easy trading between ERC 20 tokens, such as stablecoins and Ethereum-based tokens.
To vote on governance and claim protocol fees as a reward, the curve token can be locked for different time periods, up to 4 years.
At press time, CRV price is trading at $2.55 with a fall of 5.25% in the last 24 hours.
Also Read: Top Whales Are Buying The Dip As The Crypto Market Bleeds!
Curve DAO, among the top 10 tokens bought by ETH whales
Curve DAO is now one of the most traded coins by the top 100 Ethereum whales in the last 24 hours. According to data from WhaleStates, an ETH whale known as “BlueWhale0088” bought $2.13 million worth of CRV tokens in which the whales accrued 824,000 CRV in just two transactions.
Previously, a crypto brokerage platform, BIGG Digital Assets Inc, added 6 new tokens to its platform which also includes CRV.
As Bitcoin is currently down 2% at $43,824, Ethereum and other altcoins have also been pulled. While the Curve DAO fell more than 5%, CRV’s 24-hour trading volume jumped 2% to $250,556,631.
ETH whales also accumulate APE, SPELL and WOO tokens.
Along with Curve DAO or CRV, Ethereum whales have also shown interest in some of the other coins like APE, SPELL, WOO, and AAVE tokens over the past 24 hours.
WhaleStats reports that another ETH whale named “Gwen” has now added $5.7 million from 10.1 million WOO tokens in the past 24 hours in just two trades.
Meanwhile, an ETH whale with the name “Bombur” bought 774 million Spell tokens for $3.83 million in one trade, and in another trade the whale bought for 2, $97 million from 270,000 APE coins.
