Whales Are Accumulating 10 Altcoins on Ethereum Competitor Avalanche, According to On-Chain Data

Whales Are Accumulating 10 Altcoins on Ethereum Competitor Avalanche, According to On-Chain Data


New data from a whale-surveilling website reveals which crypto assets are being devoured by the top 1,000 Avalanche (AVAX) whales.

According to WhaleStats, which recently began keeping track of the smart contract platform and Ethereum (ETH) competitor, deep-pocketed AVAX investors are, on average, snapping up thousands of dollars worth of stablecoins and other altcoins.

The top purchased token in the past day by AVAX whales is Magic Internet Money (MIM), the stablecoin of lending platform Abradacadabra.money, with an average purchase amount of $14,089.

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Avalanche itself takes the number two spot with an average purchase amount of $13,899.

USDC.e and USDT.e, which represent stablecoins USD Coin (USDC) and Tether (USDT) respectively on the AVAX blockchain, sit at numbers three and four.

At number five is decentralized

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