The world’s largest Ethereum (ETH) whales are eyeing several altcoins in the decentralized finance (DeFi) sector as crypto markets turn green.
Data from blockchain tracking service WhaleStats show that the top 1,000 Ethereum whales have accumulated a slew of stablecoins over the past 24 hours, including Circle’s USDCBinance BUSDmaker AIDand Attached (USDT).
Besides stablecoins and ETH itself, whales have their sights set on the Compound lending and borrowing protocol and its governance token. COMP. COMP is currently the most bought altcoin among the top 1,000 Ethereum whales in the last 24 hours, excluding ETH and stablecoins.
Just behind COMP is Synthetix (SNX), a protocol that allows the issuance of synthetic assets tradable on Ethereum, such as commodities or indices. At the time of writing, SNX is the 2nd most bought altcoin among the biggest Ethereum whales.
After SNX is The graphic (GRT), an indexing protocol and global API that aims to organize blockchain data. GRT has struggled over the past year and is currently down 80% year-over-year. However, at the time of writing, GRT is the third most bought altcoin among Ethereum’s top 1,000 whales and is up 18% in the past two weeks.
The fourth altcoin in the DeFi space that ETH whales are picking up is Uniswap (UNI), the benchmark decentralized exchange based on Ethereum (DEX). According to WhaleStats, Ethereum whales have purchased an average token amount of 42 UNI over the past 24 hours.
Ethereum itself is up 28% in the past seven days and is currently trading at just over $1,500.
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