Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ethereum Heavyweights Are Accumulating Four Metaverse Altcoins As Bitcoin and Crypto Markets Hit Extreme Turbulence

by Daily Hodl Staff
February 21, 2022
in Altcoins, Bitcoin, Ethereum

As the overall markets and Bitcoin (BTC) try to recover from a volatile week of trading, big players in the crypto world are diving into the metaverse.

Fresh data from whale-watching bot WhaleStats reveals that over the past 24 hours, the top 1,000 Ethereum whales are feasting on Decentraland (MANA), a 3D virtual reality video game. The average purchase was 345 tokens for $998 but one whale splurged over $1 million for 375,355 MANA.

Another metaverse token being snapped up by deep-pocketed investors is play-to-earn blockchain gaming platform Gala Games (GALA). The whales gobbled up an average of 3,171 GALA for $902.

Whalestats reports,

“GALA flipped MATIC [Polygon] to be most traded token by 1,000 biggest ETH whales in the last 24 hrs.

The top 1000 ETH whales are hodling 654,797,325 GALA [worth] $182,806,252.”

At time of writing, Decentraland is up over 2% and trading for $2.77, while GALA is trading sideways at $0.25.

Source: WhaleStats/Twitter

Fellow metaverse altcoin The Sandbox is also being devoured by ETH whales as their average transaction sees them spending $639 for 182 SAND. The Sandbox is down 1% on the day to $3.21 at time of writing.

The final metaverse token on the WhaleStats list is Enjin Coin, whose crypto asset ENJ serves the utility token for non-fungible tokens (NFTs) within its ecosystem.

Whales shelled out an average of $258 for 155 ENJ. Enjin Coin is down less than half a percent to $1.53 at time of writing.

The whale-tracker also notes that two of the aforementioned metaverse projects also appear on the top-10 most used smart contracts over the past day, with GALA in 4th place and SAND rounding out the list.

Source: WhaleStats/Twitter

King crypto Bitcoin has recovered from an overnight low of $37,557 after dumping nearly $2,000 in a matter of hours. Currently, BTC is up 1.53% and trading for $38,903.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dotted Yeti/Natalia Siiatovskaia

Submit a Press Release

Industry Announcements

  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
  • Crypto Platform Phemex Becomes Partner of Université Paris Dauphine – PSL To Support Research on DeFi and Cryptocurrency
    August 1, 2022
  • Open Loot Announces Partnership With Hit Factor’s War Park
    August 1, 2022
  • Post Voyager Partners With Ozys, Announces Plans for Multi-Chain Expansion
    July 29, 2022
  • First Decentralized Data Warehouse Space and Time Raises $10 Million Seed Round Led by Framework Ventures
    July 28, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,104.19
$23,104.19
0.5%
Ethereum
$1,704.70
$1,704.70
0.73%
Cardano
$0.520276
$0.520276
0.29%
XRP
$0.374091
$0.374091
0.58%
Dogecoin
$0.069147
$0.069147
1.32%

Spotlight

  • Third-Biggest Ethereum Whale Grows Wallet Balance by Nearly $800,000,000 in July on ETH Rallies: On-Chain Data
    August 1, 2022
  • Hedge Fund CEO Anthony Scaramucci Says Bitcoin 70% Below Fair Value, Predicts Brief Recession This Year: Report
    August 3, 2022
  • Ethereum (ETH) Competitor Pumps Nearly 35% After Announcement of New Instagram NFT Partnership
    August 5, 2022
  • Top Crypto Strategists Predict Breakout Rally for Bitcoin (BTC) This Week – But There’s a Catch
    August 2, 2022
Finance Magnates London Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl