Largest Ethereum Whales Buying Polygon (MATIC) and Two Decentralized Finance Altcoins Amid Crypto Market Pullback
The wealthiest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two other decentralized finance (DeFi) altcoins as the crypto markets take a breather.
Data from whale-surveilling platform WhaleStats shows that the top 1,000 Ethereum whales bought an average of $12,766 worth of MATIC tokens in the last 24 hours.
One notable Polygon transaction involves the second-largest Ethereum whale in existence purchasing 2,000,000 MATIC tokens worth $5.02 million as the altcoin pulled back from its all-time high of $2.92. At time of writing, MATIC is trading at $2.57.
Another altcoin that deep-pocketed investors are accumulating amid the pullback is DeFi protocol Aave (AAVE). According to WhaleStats, whales purchased an average of $10,627 worth of Aave over the same period.
Light, the fourth-wealthiest Ethereum whale, made one of the largest Aave purchases in the past day to the tune of 19,949 Aave worth $5.55 million.
WhaleStats also reveals that large crypto investors are loading up on decentralized exchange Sushi (SUSHI) with an average purchase amount of $4,140 over the same timeframe.
Looking at the top ten altcoins purchased by Ethereum whales in the past day, leading smart contract platform ETH sits at the top of the list with an average purchase amount of $289,590.
Stablecoins Tether (USDT) and USD Coin (USDC) rank second and third.
Woo Network (WOO), a decentralized fintech startup and pool trading platform, takes the seventh spot followed by Wrapped Bitcoin (WBTC). Metaverse tokens Decentraland (MANA) and The Sandbox (SAND) round out the list.
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The post Largest Ethereum Whales Buying Polygon (MATIC) and Two Decentralized Finance Altcoins Amid Crypto Market Pullback appeared first on The Daily Hodl.
