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Whales Accumulating DeFi Tokens Amid Uncertain Market
Ashish Kumar-Coingape
2022-05-28 12:23
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The Whalestats reported that the top Ethereum whales are adding DeFi tokens to their tally amid the decreasing price. As per the data, Wrapped Bitcoin (WBTC) emerged as one of the tokens which the biggest ETH wallets are accumulating. In the past 24 hours, whale wallets have added around $53.19 million worth of WBTC. The token is trading at an average price of $28,805, at the press time.
An ETH wallet named “Bluewhale” has single-handedly scooped $47.44 million worth of 1.646 wrapped bitcoins. It looks like the whale is on a buying spree. Bluewhale has also added a whopping $47.38 million worth of the Wrapped Ethereum (wETH). The transaction moved 27,238 wETH into its wallet. Meanwhile, the whale holds $53.9 million worth of wETH tokens. Wrapped Ethereum is trading at an average price of $$1,767, at the press time. Earlier, it was reported that another ETH wallet added almost $12 million worth of wETH.
However, the Whalestats informed that Chainlink (LINK) had flipped WBTC from the top of the most traded tokens among the biggest 500 ETH whales.
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