This is shown by new statistics Ethereum (ETH) Whales devour gaming and social altcoins as the crypto market recovers from its recent retreat.
According to whale watching platform WhaleStats, the top 1000 ETH whales are snapping up metaverse tokens, stablecoins and ETH-based altcoins valued at millions of dollars.
WhaleStats reveals that the top 10 coins bought by capital ETH investors last day are King Altcoin, followed by Ethereum itself Stablecoin USD Coin (USDC).
Chiliz (CHZ), a sports and esports tokenization platform to encourage fan engagement, ranks third, while stablecoin Tether (USDT) took fourth place.
WhaleStats also reveals that the 79th richest ETH whale brought in an incredible 144,842,922 CHZ tokens valued at around $ 45.7 million, bringing Chiliz to just under 8% of the crypto investor’s portfolio.
Another notable transaction by the same whale was the purchase of 4,967,667 WOO tokens valued at $ 4.44 million. WOO is an Ethereum-based coin and the native utility token of WOO Network, a decentralized fintech startup and pool trading platform
CHZ is currently trading hands at $ 0.30, up 21.5% from its 7-day low of $ 0.25 while WOO is trading at $ 0.93.
The whale watching website also runs the 104th ETH-Wal buying $ 1.05 million worth of 399,999 MATIC.
MATIC is trading $ 2.50 at the time of writing, up 22% from its 7-day low of $ 2.05.
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Source: Crypto News Deutsch