Whales are Accumulating These Altcoins While Crypto Market Consolidates
The crypto market still stays in limbo after the crash weeks ago. Unable to recover, BTC trades at $48,380 and fails to climb back to $50,000. Ethereum has also lost feet as it stooped below $4K. Most top altcoins trade in red today.
As the prices fall, top whales are accumulating. As the crypto markets consolidate, the top whales in the Ethereum ecosystem are heavily loading up on two low-cap coins.
The current holding patterns of the 1,000 largest non-exchange Ethereum (ETH) addresses are shown in the latest numbers from whale-tracking website WhaleStats.
By looking at tokens with the highest average US dollar value among the investor cohort, the platform compiles a list of the top 10 holdings of the wealthiest Ethereum whales.
According to WhaleStats, the average amount of OKB tokens held by deep-pocketed investors is $528,173.
The OKEx Blockchain Foundation has created a cryptocurrency called OKB (OKB). Traders on the cryptocurrency exchange OKEx can use the Ethereum-based utility token to pay fees, earn interest, and participate in future digital asset projects.
At the time of writing, OKB is trading at $27.29 up by 1.4% in the last 24 hours. The coin is defying the market trend as it trades in green amidst blood bath.
Bitpanda ecosystem token (BEST)
The crypto whale tracker also reveals that wealthy Ethereum investors are acquiring Bitpanda Ecosystem Token (BEST), with the investor group holding an average of $461,230 worth of the ERC-20 token, ranking ninth.
Bitpanda’s native token, BEST, is a crypto, stock, and precious metals investment platform. In addition to prizes and privileges inside the Bitpanda ecosystem, BEST holders are entitled to trade discounts.
At the time of writing, BEST is trading at $1.04up by 2.3% in the last 24 hours. This coin is also defying the market trend as it trades in green amidst blood bath.
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