Whales Are Silently Expanding Their Wallets on Some Ethereum-Based Altcoins

According to information got from WhaleStat, an online whale-monitoring organization, ApeCoin (Ape), Loopring, MATIC, Serum, SAND, and even ETH among others are being acquired by these big boys on the Ethereum platform. Among these Ethereum whales is ‘Bored Ape Yacht Club NFT’s online platform which offers an airdrop of ApeCoin. This token is offered to members of the community as an incentive and a means to publicize their platform. This online community has a collection of about 10000 distinctive NFTs collections of different famous personalities.

There has been some interesting rank movement of some altcoins on the Ethereum network as whales, very rich wallet holders, are acquiring a large amount of some of these altcoins.

A good number of these Whales on the Ethereum networks have an average amount of 13,826 APE in their online money bags and this amount is worth about $172,216.

And for Loopring (LRC), an average token amount of 37,880 LRC is in the wallets of these top 100 whales on the Ethereum platform. The token is worth about $26,669.

Ethereum itself is not left out as an average of 368 ETH which is worth a staggering amount of $994,008 has been acquired by these giant wallets

Binance and Coinbase lists a New type of Altcoin
The mass acceptance of Cryptocurrencies has opened the door for healthy competition that is bringing about inventions and advancements. Apart from financial uses, there could be other uses for Ethereum-based altcoins. According to recent information, one altcoin known as, ‘Project Galaxy’ (GAL) was listed by Binance and Coinbase recently. This altcoin is hoped to be used for developing Web3. Along with the launching of Project Galaxy, tokens are out for the taking. Organizations and individuals are buying in early into the opportunity as we move into the next level of information technology and finance.

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