Biggest Ethereum Whales Loading Up on Three Decentralized Finance Altcoins As Top Wallet Buys $17,000,000 Worth of Sushi
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A whale-monitoring site reveals that the wealthiest Ethereum (ETH) whales are accumulating three decentralized finance (DeFi) assets as we enter a new year.
Data from WhaleStats shows that the 1,000 non-exchange Ethereum whales are gobbling up SUSHI, the governance token of the decentralized exchange (DEX) SushiSwap.
The whale-tracking platform shows that over the past week, deep-pocketed crypto investors bought an average of 3,499 SUSHI worth $32,868, good for a fourth-place finish on the list of top coins bought by ETH whales.
The second-richest ETH whale in existence, with total crypto assets worth $3.5 billion, bought 1.83 million SUSHI valued at $17.56 billion in three separate transactions.
Whales are also loading up on the native token of lending and borrowing protocol Aave, buying an average of 78 AAVE worth $21,314 over the same time period to rank seventh.
Ethereum whales are also ramping up their Uniswap(UNI) holdings. WhaleStats shows that the large crypto investors purchased an average of 678 UNI tokens worth $11,972 in the last seven days to rank 10th.
The leading smart contract platform itself remains the top purchased altcoin among the most affluent Ethereum whales with an average purchase amount of $1.84 million worth of ETH over the same timeframe.
Taking the second and third spots are stablecoins Tether (USDT) and USD Coin (USDC).
Ethereum scaling solution Polygon (MATIC) lands at number five, followed by blockchain-based gaming ecosystem The Sandbox (SAND). Stablecoin Gemini Dollar (GUSD) grabs the eighth slot while decentralized oracle network Chainlink (LINK) sits at number nine.
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Featured Image: Shutterstock/KeremGogus/pikepicture
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