The cryptocurrency market is having a tough time as the Fed meeting approaches. Nearly the entire altcoin market is back to April 2021 levels as Bitcoin (BTC) prepares to close its fifth consecutive red weekly candle. The first 1,000 ETH whales tracked by WhaleStats are accumulating APE, FTM, GALA and 10 altcoins at the bottom prices. Here are the most bought cryptocurrencies by whales today.
ETH whales collect these altcoins at the bottom
The WhaleStats chart below shows the altcoin projects that the largest Ethereum whales have bought the most in the last 24-hour timeframe. USDT, USDC and BUSD are the whales’ preferred stablecoins to hedge the volatile market. Interestingly, Apecoin (APE), which has been pushing ATH levels during the current selling pressure, has seen hefty purchases by whales over the past few days. GALA and MANA are the most popular metaverse coins that whales have accumulated, while trending cryptocurrencies such as SPELL and UMA are also seen on the list.
Along with the above altcoin projects, the top 1,000 Ethereum whales tracked by WhaleStats collected the following cryptocurrencies during the day.
- Tether (USDT)
- Apecoin (APE)
- Ethereum (ETH)
- USD Coin (USDC)
- Phantom (FTM)
- Gala Games (GALA)
- Euro Tether (EURT)
- Decentraland (MANA)
- Spell Token (SPELL)
- UMA Voting Token (UMA)
ETH whales are accumulating these 3 small volume altcoin projects
In the second part, let’s list the most purchased small volume altcoin projects in the same time frame. These cryptocurrencies have a market capitalization of $5-15 million.
- PAR Stablecoin (PAR) is the stablecoin of Mimo, which develops DeFi tools, a lending platform that allows users to borrow, and is algorithmically pegged to the Euro.
- DeGate (DG) is an Ethereum layer-2 (L2) native decentralized exchange (DEX) protocol created, managed and owned by the community as a DAO.
- S.Finance (SFG), a DeFi project aiming to provide stable currency exchange service. As
Kriptokoin.com, a popular Shiba Inu (SHIB) whale has made massive purchases in APE and 3 altcoins in the past 24 hours. It seems that whales continue to accumulate at bottom prices.