Largest Ethereum whales buy polygon (MATIC) and two altcoins for decentralized finance amid the retreat of the crypto market

The richest Ethereum (ETH) Whales are busy Polygon (MATIC) and two more altcoins for decentralized finance (DeFi) while the crypto markets take a breather.
Data from whale monitoring platform WhaleStats shows that the top 1,000 Ethereum whales purchased an average of MATIC tokens worth $ 12,766 in the past 24 hours.

A notable Polygon transaction includes the second largest Ethereum whale bought 2,000,000 MATIC tokens valued at $ 5.02 million when the altcoin moved from his All time high withdrew from $ 2.92. At the time of writing, MATIC is trading at $ 2.57.

Another altcoin that capital investors are amassing amid the pullback is the DeFi protocol Aave (AAVE). WhaleStats said whales bought $ 10,627 worth of Aave during the same period.

Licht, the fourth richest Ethereum whale, made one of its largest aave purchases last day of 19,949 aave valued at $ 5.55 million.

WhaleStats also reveals that large crypto investors were trading on the decentralized exchange Sushi (SUSHI) charge.

Look at the top ten altcoins sold by. Ethereum Wale was bought last day and the leading smart contract platform ETH topped the list with an average purchase amount of USD 289,590.

Stablecoins Tether (USDT) and USD Coin (USDC) rank second and third.

Woo Network (WOO), a decentralized fintech startup and pool trading platform, ranks seventh, followed by Wrapped Bitcoin (WBTC). Metaverse token Decentraland (MANA) and The Sandbox (SAND) complete the list.
Source: WhaleStats
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