The 100 largest Ethereum whale wallets have turned their attention to a wide range of altcoins while ETH and coins in the cryptocurrency market continue to decline.
According to blockchain tracking service WhaleStats, the Aave decentralized lending and lending protocol is the third most purchased cryptocurrency asset out of the 10 digital assets that ETH whales have purchased in the last 24 hours at the time of writing.
According to WhaleStats, Ethereum whales bought an average of 151 AAVEs worth $26,262.
Also in the decentralized finance (DeFi) sector, ETH whales are accumulating Compound (COMP), an autonomous interest rate protocol, algorithms, onchain data reports
Holders of many cryptocurrencies on the Ethereum network are also paying attention to two altcoins in decentralized communication.
Data on WhaleStats’ chain shows that Livepeer (LPT) was the third most purchased altcoin by the Ethereum whale in the last 24 hours and Audius (AUDIO) was fourth.
Livepeer aims to provide a decentralized video streaming protocol while Audius is trying to create a decentralized, artist-centric audio streaming service.
Also appearing on the list of altcoins most sought after by ETH whales is NuCypher (NU), which provides cryptographic services such as access control and data security. NU is the sixth most purchased token by ETH whales, excluding stablecoins and ETH.
After the NU is Spell (SPELL), an Ethereum token that manages Abracadabra. money, a platform that allows users to deposit collateral as interest-bearing cryptocurrency assets.
Rounding out the list is PAX Gold (PAXG), a stable currency based on Ethereum, issued by Paxos and backed by gold.The top alternative currencies held by ETH whales are stablecoin USD Coin (USDC) and Ethereum itself.
