- The top 1,000 richest ETH whales bought an average of $ 12,766 worth of MATIC tokens in the last 24 hours.
- Large crypto investors are charging on decentralized exchange Sushi (SUSHI) with an average purchase amount of $ 4,140.
The richest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two other decentralized finance altcoins (DeFi) as the crypto markets take a breather.
Data from whale watch platform WhaleStats shows that the top 1,000 Ethereum whales bought an average of $ 12,766 worth of MATIC tokens in the last 24 hours.
A notable Polygon transaction involves the second largest Ethereum whale in existence buying 2,000,000 MATIC tokens worth $ 5.02 million when the altcoin pulled back from its all-time high of $ 2.92. As of this writing, MATIC is trading at $ 2.57.
Matic at 3rd position
Another altcoin that wealthy investors are hoarding amid the pullback is the DeFi Aave (AAVE) protocol. According to WhaleStats, whales bought an average of $ 10,627 from Aave during the same period.
Light, the fourth richest Ethereum whale, made one of the largest Aave purchases on the last day for a sum of 19,949 Aave worth $ 5.55 million.
WhaleStats also reveals that large crypto investors are charging on decentralized exchange Sushi (SUSHI) with an average purchase amount of $ 4,140 over the same time period.
When looking at the top ten altcoins bought by Ethereum whales in the past day, the leading smart contract platform ETH is at the top of the list with an average purchase amount of $ 289,590.
Stablecoins Tether (USDT) and USD Coin (USDC) rank second and third.
Woo Network (WOO), a decentralized fintech startup and group trading platform, ranks seventh followed by Wrapped Bitcoin (WBTC). Decentraland (MANA) and The Sandbox (SAND) metaverse tokens round out the list.