According to on-chain data, whales collect 10 altcoins on the competitive Ethereum avalanche
New data from a whale monitoring website shows which crypto assets are being devoured by the 1,000 largest Avalanche (AVAX) whales.
AVAX investors snatch stablecoins and other altcoins worth thousands of dollars on average, according to WhaleStats, which recently started keeping an eye on the smart contract platform and competitor Ethereum (ETH).
The most popular token bought by AVAX Wale last day is Magic Internet Money (MIM), the Abradacadabra.money stablecoin, with an average purchase amount of $ 14,089.
Avalanche itself ranks second with an average purchase amount of $ 13,899.
USDC.e and USDT.e, which represent the stablecoins USD Coin (USDC) and Tether (USDT) on the AVAX blockchain, sit on numbers three and four.
The decentralized exchange platform (DEX) Pangolin (PNG) ranks fifth, while the decentralized reserve currency protocol Wonderland (TIME) ranks sixth.
The Avalanche-based decentralized exchange TraderJoe (JOE) lands in seventh place, followed by Wrapped Ethereum (WETH.e) and Wrapped Bitcoin (WBTC.e), which are Bitcoin and Ethereum tokens linked to the AVAX -Protocol to be bridged.
Wrapped Avalanche (WAVAX) rounds out the list.
Source: WhaleStats
WhaleStats also shows that the crypto assets most commonly held by avalanche whales are AVAX, WETH.e, USDC.e, JOE, USDT.e, MIM, WBTC.e, WAVAX, Wrapped Chainlink (LINK.e), and Blockchain-based Play-to-earn gaming token Cradaba (CRA).
Statistics show that avalanche whales hold an average of 2,440 AVAX tokens valued at $ 267.613, while the largest token position by dollar value they hold overall is Wrapped Ethereum.
Avalanche is currently trading owners for $ 107, an 11% decrease from its seven-day high of $ 120.
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Featured image: Shutterstock / Natalia0307
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