Investors Buying the Dip: Altcoins Land in 24h Top Purchased Tokens

Investors are observed to be taking advantage of the plunging prices in the red market, buying the dip and HODLing more altcoins.

WhaleStats, the portal that analyzes and tracks the top 5000 ETH wallets, reported that five altcoins entered the tracker’s top 10 purchased tokens out of the 500 ETH whales in the last 24 hours.

The first few hours of the last day saw SPELL make its way into the list first, followed by TOKE, OGN, COMP, and SAND. However, SPELL, TOKE, and SAND did not hold their position for long, getting pushed out of the list as of writing.

OGN, who entered the list at around 2:00 AM (UTC +4:00), has an average purchase amount of $3,866 and an average token quantity of over 150 thousand. Meanwhile, COMP has $14,447 and nine as its average purchase amount and average token quantity, respectively.

Based on data from CoinMarketCap, OGN is valued at $0.582790 with a 24-hour trading volume of over $395 million. Interestingly, the token saw a slight bump of 8.17% over the last day. The token is currently ninth on the top 10 purchased tokens list of WhaleStats.

On the other hand, COMP, which sits in sixth place, is priced at $135.39 with a 24-hour trading volume of over $107 million. Unlike OGN, COMP is still seeing a downward trend at almost 8% in the last 24 hours.

Still holding their posts on WhaleStats’ top 10 purchased tokens since the April 16 updates are stablecoins USDC and USDT, ETH, BUSD, and APE. The current list also includes Wrapped Ether (WETH) in first place with an average purchase amount of over $200 thousand and SHIB with an average purchase price of over $3,000 in 10th place.

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