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Ethereum Whales Are Loading Up on Three Metaverse Projects and Two Ethereum Altcoins, According to On-Chain Analysis

Mikhailev by Mikhailev
June 1, 2022
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Ethereum Whales Are Loading Up on Three Metaverse Projects and Two Ethereum Altcoins, According to On-Chain Analysis
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The world’s largest Ethereum (ETH) whales are loading up on three metaverse altcoins because the crypto markets flash indicators of enchancment.

Exterior of stablecoins and ETH, the play-to-earn blockchain gaming platform Gala (GALA) was the highest goal for the 100 largest Ethereum wallets on Sunday, based on blockchain tracker WhaleStats.

The highest 100 ETH addresses bought a mean of $3,287 value of GALA tokens over a 24-hour interval this weekend.

The highest 100 ETH whales additionally focused Smooth Love Potion (SLP), a token used inside the Axie Infinity (AXS) ecosystem to earn rewards and buy creatures within the on-line battling sport. The whales purchased a mean of $1,879 value of SLP.

Moreover, the whales additionally bought a mean of $130 value of the native token of the play-to-earn metaverse sport The Sandbox (SAND). The Sandbox has not too long ago been rallying on the announcement of being listed by US crypto trade big Coinbase.

The highest 100 Ethereum wallets bought a mean of $645 value of the native token for Compound (COMP), a decentralized finance platform for borrowing and lending crypto belongings and $107 value of CHSB, the native token for SwissBorg, a wealth administration platform for cryptocurrencies.

Supply: WhaleStats

The general crypto market cap is up greater than 7% up to now 24 hours.

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Featured Picture: Shutterstock/Natalia Siiatovskaia/Mia Stendal

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