Biggest Ethereum Whales Jump Into Fantom and Two DeFi Altcoins That Rallied Over 60% This Week: On-Chain Data

The largest Ethereum whales in existence are accumulating one enterprise-grade blockchain platform plus a pair of linked decentralized finance (DeFi) tokens.

Blockchain tracker WhaleStats categorizes Ethereum whales as investors with at least 1,000 ETH in their wallets, and on average they;re currently interested in Fantom to the tune of 26,200 FTM tokens at a cost of $6,726.

ETH whales are also taking a liking to the DeFi sector, particularly the decentralized exchange and automated market maker protocol Curve DAO. The heavyweight wallets splurged on average $21,166 to acquire 22,728 CRV in the past 24 hours, at time of writing.

The whales likewise jumped into Convex Finance (CVX), the protocol built on top of Curve Finance.

CRV has been on a tear this week, surging by 60% from a low of $0.63 to a high of $1.01. Convex Finance has likewise rallied in a big way, lurching 80% from $3.52 to a high of $6.36. At time of writing, CVX has fallen back out of the top 10 most purchased crypto assets in the last 24 hours but remains up 9% on the day.

Another crypto project making a splash is the Woo Network trading platform, with rich wallets gobbling up 84,248 WOO tokens for a buy-in of $15,559.

Decentralized crypto lending and borrowing protocol Compound saw an average of 22 COMP purchased for an even $1,000, while synthetic asset protocol UMA saw 249 UMA tokens bought for $652.

A trio of US dollar-pegged stablecoins also ranked high on the list, led by Circle’s US Dollar Coin (USDC) with an average buy-in exceeding $1 million.

Whales grabbed $381,065 of Binance cryptocurrency exchange’s Binance USD (BUSD), as well as Bitfinex’s Tether (USDT) for $39,654.

Ethereum itself ranks 2nd overall with the whales spending $476,707 to accumulate 419 ETH tokens.

Source: WhaleStats

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