Whales Are Silently Expanding Their Wallets on Some Ethereum-Based Altcoins

Share On Facebook
share on Linkedin

According to information got from WhaleStat, an online whale-monitoring organization, ApeCoin (Ape), Loopring, MATIC, Serum, SAND, and even ETH among others are being acquired by these big boys on the Ethereum platform. Among these Ethereum whales is ‘Bored Ape Yacht Club NFT’s online platform which offers an airdrop of ApeCoin. This token is offered to members of the community as an incentive and a means to publicize their platform. This online community has a collection of about 10000 distinctive NFTs collections of different famous personalities.


There has been some interesting rank movement of some altcoins on the Ethereum network as whales, very rich wallet holders, are acquiring a large amount of some of these altcoins.


A good number of these Whales on the Ethereum networks have an average amount of 13,826 APE in their online money bags and this amount is worth about $172,216.

And for Loopring (LRC), an average token amount of 37,880 LRC is in the wallets of these top 100 whales on the Ethereum platform. The token is worth about $26,669.

Ethereum itself is not left out as an average of 368 ETH which is worth a staggering amount of $994,008 has been acquired by these giant wallets

Binance and Coinbase lists a New type of Altcoin
The mass acceptance of Cryptocurrencies has opened the door for healthy competition that is bringing about inventions and advancements. Apart from financial uses, there could be other uses for Ethereum-based altcoins. According to recent information, one altcoin known as, ‘Project Galaxy’ (GAL) was listed by Binance and Coinbase recently. This altcoin is hoped to be used for developing Web3. Along with the launching of Project Galaxy, tokens are out for the taking. Organizations and individuals are buying in early into the opportunity as we move into the next level of information technology and finance.

Teach yourself Technical analysis: Technical Analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220814 00:39:24