As the cryptospace attempts to make a positive move, most of the assets in the market are attempting to make a long leap. And hence the whales appear to have become active again as they have flipped into an accumulation mode yet again. An on-chain analytical platform, WhaleStats that tracks the top 100 ETH whales, their purchases and sales, etc, says the whales are keener in the metaverse projects now.
Recently, an NFT had made a huge round in the market with a significant upswing and massive whale accumulation. However, as the token dropped amid negative market sentiments, the whales had turned away from the asset. Yet, in a recent development, ETH whales are again accumulating the popular NFT, Apecoin along with the other assets.
A notable ETH whale called, ‘Banobo’ just acquired 450,000 APE worth more than $3 million, citing the highest accumulation for the day. Along with APE, the ETH whales have also accumulated a reasonable number of YearnFinance (YFI), Kyber Network (KNC) and Gala (GALA). On the other hand, the whales also hold multiple stablecoins like BUSD, USDC, USDT, etc.
Coming to the usage of the smart contract, Ethereum whales opt for Enjin Coin (ENJ) which has now become the leader among all other smart contracts among the top 2000 ETH whales in the past 24 hours. While the Basic Attention Token (BAT) smart contract is used by the top 1000 ETH whales, the SandBox (SAND) smart contract is used by the top 500 ETH whales.
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Source: https://coinpedia.org/news/apecoin-back-as-top-preferred-asset-by-ethereum-whales-along-with-these-3-altcoins/