Whales Turn To These Altcoins In The Falling Crypto Market
The cryptocurrency market continues to face sharp declines. While Bitcoin regressed to the level of $ 34,000, there are great losses in altcoins. However, giant cryptocurrency whales are accumulating these 7 altcoins as the market continues to decline.
Apecoin (APE), a token airdropped to members of the Bored Ape Yacht Club NFT community, is among the giant Ethereum whales at the time of writing, after stablecoins and ETH itself, according to data from WhaleStats, a leading whale watching platform. greets us as the most bought altcoin.
According to WhaleStats, the top 100 Ethereum whales have an average of 13,826 APE in their wallets, with the average value of these tokens equivalent to $172,216. ApeCoin (APE) price was recorded as $12.12 at the time of writing, according to CoinGecko data. The last 24-hour trading volume of ApeCoin (APE) was $715,679,783. ApeCoin (APE) price is down -6.3% in the last 24 hours.
Also, the second cryptocurrency that caught the eye of whales was Loopring (LRC), an Ethereum-based token that allows creating decentralized exchanges using zero-knowledge proofs.
So much so that, according to whale watching service WhaleStats, the Ethereum whale in the top 100 list has 37,880 LRC tokens worth $26,669.
The sixth most purchased altcoin among Ethereum’s richest assets is listed as API3, the native token of the API3 project, which aims to connect traditional application programming interfaces (APIs) to the blockchain world.
Also on the list are decentralized streaming service Audius (AUDIO), social token platform Chiliz (CHZ), decentralized finance protocol Yearn Finance (YFI), and smart contract platform Fantom (FTM).
On the other hand, Ethereum tops all other crypto assets on the list as deep pocketed investors bought 368 ETH with an average value of $994,008. The other two tokens that follow Ethereum are on the list as USD Coin (USDC) and Tether (USDT) stablecoins.