The biggest 100 Ethereum whales have turned their attention to a slew of altcoins in multiple sectors as ETH and the broader crypto markets continue to move lower.
According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave is the third most purchased crypto asset among ETH whales in the last 24 hours at time of writing.
As per WhaleStats, Ethereum whales have clocked an average purchase amount of 151 AAVE worth $26,262.
Also in the decentralized finance (DeFi) sector, ETH whales are accumulating Compound (COMP), an algorithmic, autonomous interest rate protocol, the on-chain data reports.
The deep-pocketed crypto holders on the Ethereum network are also paying attention to two altcoins in the decentralized media sector.
WhaleStats’ on-chain data shows that Livepeer (LPT) is the third most purchased altcoin by Ethereum whales in the last 24 hours, and Audius (AUDIO) is the fourth.
Livepeer aims to provide a decentralized video-streaming protocol while Audius is trying to create a decentralized, artist-centric audio streaming service.
Also showing up on the list of most sought-after altcoins by ETH whales is NuCypher (NU), which offers cryptographic services such as access control and data privacy. NU is the sixth most purchased token by ETH whales, excluding stablecoins and ETH.
After NU is Spell (SPELL), an Ethereum token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets.
Rounding out the list is PAX Gold (PAXG), an Ethereum-based stablecoin that is issued by Paxos and backed by gold. The top altcoins held by ETH whales are stablecoin USD Coin (USDC) and Ethereum itself.
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
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 losses 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/jamesteohart/Natalia Siiatovskaia
