Crypto Whales Are Aping Into a New Ethereum Altcoin, a Top Gaming Asset and a Surging ETH Scaling Solution

The wealthiest wallets in the crypto world are turning their attention to the new kid on the block in a big way.

The transaction-tracking bot at WhaleStats reports that the most traded crypto asset by volume over the past 24 hours is ApeCoin (APE).

The Ethereum-based project was created by the founders of the popular Bored Ape Yacht Club (BAYC), with the APE governance token serving to facilitate the workings of ApeCoin’s community-run decentralized autonomous organization (DAO).

WhaleStats reveals that the whales bought an average of 6,540 APE tokens for $86,996 over the past day. In a 7-day period, the whales spent $613,893 for 48,363 APE.

ApeCoin was the top whale altcoin over the past week after stablecoins and Ethereum (ETH).

Source: WhaleStats

Also popular among crypto’s richest wallets in the last day is the play-to-earn metaverse token Gala Games (GALA). The whales tucked away an average of 330,158 GALA for a price of $82,704.

Whales are also pouncing is layer-2, zero-knowledge (ZK) rollups protocol Loopring (LRC).

WhaleStats has Loopring ranked 7th in the past 24 hours with an average purchase of $52,839 for 48,161 LRC tokens.

Source: WhaleStats

The transaction tracker also took to Twitter to highlight some of the biggest recent crypto buys:

  • One whale bought 10,763,187 GALA tokens for $2,722,795.
  • Another whale nabbed over 200 billion of meme coin Shiba Inu (SHIB) for $4,944,498.
  • An ETH whale grabbed a cool 700,000 of layer-2 scaling solution Polygon (MATIC) for $1,134,000.
  • A whale bought 2,750,000 of enterprise-grade blockchain platform Fantom (FTM) for $3,630,000.

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Featured Image: Shutterstock/monkographic/GrandeDuc/Natalia Siiatovskaia