As Bitcoin and the overall crypto markets begin to show signs of recovery, new data is revealing which gaming tokens Ethereum whales are most interested in accumulating.
On-chain data shows the largest Ethereum whales in existence are now purchasing the gaming metaverse Decentraland (MANA) above all gaming tokens.
On average, each MANA whale purchase has totaled an average of $74,320 over the last seven days, according to the whale tracker WhaleStats.
Whales are also accumulating the virtual gaming token powering The Sandbox (SAND), with an average purchase amount of $27,333 per transaction.
Coming in third is the gaming ecosystem token Gala (GALA), with an average of $26,339 per Ethereum whale purchase.
All three coins have had extremely volatile price movements in recent days, along with the rest of the crypto markets. At time of publishing, MANA is up 16.6% in the last 24 hours at $5.11. The Sandbox is up 27.23% in the last day at $7.61, and GALA is up 25.3% in the same time frame, at $0.72.
Looking at the top ten altcoins purchased by Ethereum whales in the last week, the number one altcoin on the list is ETH itself, with an average purchase amount of $796,476.
Coming in at a close second is FTX Token (FTT), with an average purchase amount of $725,782.
That’s followed by the dollar-pegged stablecoin USD Coin (USDC), clocking in with an average purchase amount of $159,868.
Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/KolyaRobot
The post Ethereum Whales Are Buying Three Gaming Altcoins As Bitcoin and Crypto Markets Bounce Back appeared first on The Daily Hodl.