Crypto Whales Are Aping Into a New Ethereum Altcoin, a Top Gaming Asset and a Surging ETH Scaling Solution

The wealthiest wallets in the crypto world are turning their attention to the new kid on the block in a big way.

The transaction-tracking bot at WhaleStats reports that the most traded crypto asset by volume over the past 24 hours is ApeCoin (APE).

The Ethereum-based project was created by the founders of the popular Bored Ape Yacht Club (BAYC), with the APE governance token serving to facilitate the workings of ApeCoin’s community-run decentralized autonomous organization (DAO).

WhaleStats reveals that the whales bought an average of 6,540 APE tokens for $86,996 over the past day. In a 7-day period, the whales spent $613,893 for 48,363 APE.

ApeCoin was the top whale altcoin over the past week after stablecoins and Ethereum (ETH).

Also popular among crypto’s richest wallets in the last day is the play-to-earn metaverse token Gala Games (GALA). The whales tucked away an average of 330,158 GALA for a price of $82,704.

Whales are also pouncing is layer-2, zero-knowledge (ZK) rollups protocol Loopring (LRC).

WhaleStats has Loopring ranked 7th in the past 24 hours with an average purchase of $52,839 for 48,161 LRC tokens.

The transaction tracker also took to Twitter to highlight some of the biggest recent crypto buys:

• One whale bought 10,763,187 GALA tokens for $2,722,795.
• Another whale nabbed over 200 billion of meme coin Shiba Inu (SHIB) for $4,944,498.
• An ETH whale grabbed a cool 700,000 of layer-2 scaling solution Polygon (MATIC) for $1,134,000.
• A whale bought 2,750,000 of enterprise-grade blockchain platform Fantom (FTM) for $3,630,000.

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Featured Image: Shutterstock/monkographic/GrandeDuc/Natalia Siiatovskaia