With Rise in Bitcoin and Crypto Market Ethereum Whales are Buying “Three” Gaming Altcoins
As crypto market and Bitcoin has started to show the sign of recovery, new data discloses the interests of Ethereum Whales in different gaming tokens. As per the data provided by On-chain, Largest Ethereum whales present in the market are going after gaming metaverse Decentraland (MANA) and accumulating gaming tokens.
As per the data provided by whale tracker, on average, over the last week each MANA whale purchase has totaled to an average of $74,320.
Another gaming token that is being accumulated by the Whales is the virtual gaming token powering The Sandbox (SAND), per transaction, $27,333 is the average purchase amount.
The third gaming token in which the Ethereum whales have shown interest is the gaming ecosystem token Gala (GALA), the estimated Ethereum whale purchase for GALA is at an average of $26,339.
All the three gaming tokens in the recent days have witnessed extremely unpredictable price movements, along with rest of the crypto market. Up till yesterday, MANA was up by 16.6% in the last one day at $5.11. GALA was up by 25.3% in the last 24 hours at $0.72 and The Sandbox was up by 27.23% in the same time frame, at $7.61.
When checking out other altcoins purchased by EThereum whales in the last 7 days, it was discovered that the altcoin purchased the most was ETH itself, having an average purchase amount of $796,476. Next in position is FTX token (FTT), having an average purchase amount of $725,782, followed by dollar-pegged stablecoin USD coin (USDC), having an average purchase amount of $159,868.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investmenting.
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