World’s Largest Ethereum Whales Accumulate Aave, Compound, and Four More Altcoins: On-Chain Data

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The 100 largest Ethereum whales have turned their attention to a slew of altcoins across multiple sectors as ETH and the broader crypto markets continue to decline.

According to blockchain tracking service WhalesStatsdecentralized borrowing and lending protocol Aave is the third most purchased crypto asset among ETH whales in the last 24 hours at the time of writing.

According to WhaleStats, Ethereum whales saw an average purchase amount of 151 AAVEs worth $26,262.

Also in the decentralized finance (DeFi) space, ETH whales are accumulating Compound (COMP), an algorithmic, self-contained interest rate protocol, reports on-chain data.

Deep-pocketed crypto holders on the Ethereum network are also paying attention to two altcoins in the decentralized media sector.

On-chain data from WhaleStats shows that Livepeer (LPT) is the third most bought 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 attempts to create a decentralized, artist-centric audio streaming service.

NuCypher (NU), which offers crypto services such as access control and data privacy, is also on the list of most wanted altcoins by ETH whales. NU is the sixth most bought token by ETH whales, excluding stablecoins and ETH.

Following NU is Spell (SPELL), an Ethereum token that powers Abracadabra.money, a platform that allows users to deposit collateral in the form of interest-bearing crypto assets.

Rounding out the list is PAX Gold (PAXG), an Ethereum-based stablecoin issued by Paxos and backed by gold. The main altcoins held by ETH whales are the stablecoin USD Coin (USDC) and Ethereum itself.

Source: WhaleStats

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Featured Image: Shutterstock/jamesteohart/Natalia Siiatovskaia

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