Ethereum Whales Piled Into Five Altcoins This Week Amid Crypto Market Turnaround

Ethereum (ETH) whales have gathered 5 altcoins because the crypto market improved over the previous week.

According to the crypto-tracking platform WhaleStats, the highest 100 richest ETH addresses’ high goal over the past week, excluding ETH and stablecoins, was FTX Token (FTT).

Over a seven-day timeframe, ETH whales devoured up a mean buy quantity of greater than $5.1 million value of FTT, the trade token of FTX, a cryptocurrency derivatives buying and selling platform for futures, leveraged tokens and over-the-counter buying and selling.

The common buy quantity for Ethereum among the many high 100 ETH wallets was greater than $13.8 million.

The third-most widespread altcoin of the week for ETH whales was LINK, the native token for decentralized oracle community Chainlink. In the previous week, the highest 100 ETH wallets purchased greater than $370,000 value of LINK on common.

Fourth on the listing is the favored memecoin Shiba Inu (SHIB). The high 100 richest ETH addresses bought a mean of $256,691 value of SHIB previously week.

The high wallets’ fifth favourite altcoin of the week was SAND, the native token for the blockchain-based gaming ecosystem The Sandbox. The high 100 addresses bought a mean of $207,583 value of SAND previously seven days.

Ethereum whales are additionally gobbling up Wrapped Bitcoin (WBTC), a token pegged to the value of BTC. The high 100 ETH addresses purchased greater than $4.65 million value of WBTC previously week on common.

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Featured Image: Shutterstock/Willyam Bradberry/Natalia Siiatovskaia

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About the Author: Daniel