Top Ethereum Whales are Accumulating These Altcoins As Crypto Market Enters Correction Phase

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According to two on-chain analytical trackers, Ethereum (ETH) whales are expanding in number and investing in a variety of altcoin projects.

Santiment, a data analytics firm, has discovered a significant surge in Ethereum ownership among the world’s wealthiest crypto wallets.

The number of Ethereum holders with more over 10,000 ETH has reached levels not seen since December of last year, according to the company.

Whale accumulation, according to Santiment, is a sign of future price increases

The number of #Ethereum addresses with 10k+ $ETH has grown to the largest amount (1,329) since December, 2021. This includes 40 more in just 5 weeks. There has been an evident correlation between the number of whale addresses & future price movement. https://t.co/PcI1C8z1Z4 pic.twitter.com/GHWjFdEVSZ

— Santiment (@santimentfeed) March 28, 2022

It says there has been a clear link between the quantity of whale addresses and price change in the future.

It says there has been a clear link between the quantity of whale addresses and price change in the future.

WhaleStats’ transaction-tracking bot also reports that Ethereum has been one of the most popular cryptocurrencies among whales in the last week, with an average buy-in of 1,919 ETH tokens worth $6,230,754. 

List of Top cryptos in pockets of whales

The following are the top ten non-stablecoin crypto assets purchased in the last week according to WhaleStats:

1. Gala Games (GALA), a play-to-earn blockchain gaming platform, saw an average of 1,032,251 GALA tokens purchased for $276,738.
2. ApeCoin (APE), a project of the bored Ape Yacht Club, with an average buy of 20,055 APE for $270,193.
3. Ethereum-based virtual world The Sandbox (SAND) with whales purchasing 72,756 SAND for $251,123.
4. Decentralized exchange Serum (SRM) to the tune of $246,704 for 81,210 SRM tokens. 
5. Solution for scaling on the second layer Polygon (MATIC) saw 96,931 MATIC sold on average for $160,244.
6. Aave (AAVE) is a decentralised lending and borrowing technology, with whales purchasing an average of 855 AAVE for $148,507 each.