- The crypto sphere has witnessed significant changes lately including one of the leading Ethereum.
- ApeCoin seems to be making a significant position in the industry as the whales are accumulating it.
- Others among the popular altcoins are loop ring (LRC), API3, etc.
Seems like Ethereum’s prominent bagholders have made several changes in the altcoin reserves. The entire crypto-sphere has witnessed significant changes lately including one of the leading Ethereum.
APE Continues To Attract Investors
Data by Whalestats, the whale Wachter platform, the new player ApeCoin (APE), which is a token issued to the NFT community of the Bored Ape Yacht Club (BAYC) project. It is the most purchased altcoin among the largest Ethereum whales apart from stablecoins and Ethereum (ETH).
The data further signifies that the top hundred ETH whales have an average of 13,826 APE in their wallets and the average buying amount is $172,216.
Another Ethereum-based token is called loop ring (LRC), which facilitates the building of decentralized exchanges utilizing zero-knowledge proofs. The data shows that the average Ethereum whale in the top hundred listicles has an average token amount of 37,880 LRC valued at $26,669.
Whereas the sixth most purchased token is that of the API3 project’s native token API3 which focuses on integrating traditional application programming interfaces (APIs) with the Blockchain to connect the world.
Others on the list are the social token platform Chiliz (CHZ), decentralized finance protocol Yearn Finance (YFI), the smart contract platform Fantom (FTM), and decentralized streaming service Audius (AUDIO).
Ethereum (ETH) is still the leading one here. The rest two tokens on the top ten list are the stablecoins Tether (USDT) and USD Coin (USDC).
At the time of writing, Ethereum is trading at $2,561 with a market cap of $309,114,874,314 and is down by around 4% in the last twenty-four hours.
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Source: https://www.thecoinrepublic.com/2022/05/08/whalestats-data-whales-accumulate-apecoin-loopring-and-other-eth-based-altcoins/