As the tide grows in the crypto market, investors are trying to understand the extent and duration of the destruction. A lot has happened in the crypto universe in the last 24 hours, and it’s mostly not great. However, MANA, the token of metaverse coin project Decentraland, is becoming more attractive as it makes its way into the top 10 coins bought by whales, according to WhaleStats data.
Metaverse coin project top 10 list of whales
According to data provided by whale watching platform WhaleStats, which tracks the largest Ethereum wallets, the average amount of MANA purchased by the top 100 wallets is $7,328. This means there are an average of 6,323 tokens at an average price of around $1.18 each.
As you can follow from the news of Kriptokoin.com, Decentraland has become one of the most popular metaverse coin projects, which quickly gained popularity with Facebook’s rebranding under the name Meta last year. Although it has lost serious value with the collapse in the crypto market recently, investors did not give up on this project. WhaleStats data also shows that it has driven the price that whales have started accumulating to a historically low level.
Metaverse coin project Decentraland was trading at $1.15 at the time of writing, down 5.27% in the last 24 hours, according to CoinMarketCap data. MANA, which is ranked 40th by market capitalization, is currently 80% away from its all-time high of $5.90, which it saw about 6 months ago.
Is the metaverse excitement over?
Looking at GameFi and Metaverse coin prices, it is not easy to say that crypto enthusiasts have time to have fun in a time of global turmoil in the markets. On the other hand, we are witnessing more and more big players focusing their energies and attention on this particular sector of the crypto industry.
Meme coin Shiba Inu is launching its own SHIB:The Metaverse, Spotify is opening an island in Roblox, and BAYC is blasting floor prices with metaverse announcement. Looks like the hype isn’t over yet. However, according to experts, you may have to wait a long time for prices to recover.