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USDC, ETH, USDT Leads Top Purchased Tokens, APE Slides to 10th Spot

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28
Apr
    • USDC, ETH, and USDT lead WhaleStats’ top 10 purchased tokens by 2000 biggest ETH whales.
    • APE manages to secure the 10th spot on the list.
    • Others on the list are Lido Staked ETH, wrapped BTC, SAND, compound Ether, True USD, and MANA.

USD Coin (USDC), Ethereum (ETH), and Tether (USDT) continue to enjoy their position today at WhaleStats’ top 10 purchased tokens by 2000 biggest ETH whales. ApeCoin, meanwhile, managed to secure the 10th spot on the list.

HODlers continue to accumulate stablecoins, as USDC and USDT remain unmoved in their position on the list’s top five for weeks now, according to the top ETH whales analytics tracker.

Interestingly, USDC has an average purchase amount of over $119 thousand and an average token quantity of almost the same amount. On the other hand, USDT lags tens of thousands behind with an average purchase of over $42 thousand. Similar to USDC’s peculiar averages, Tether’s average token quantity is also at $42 thousand.

It is important to note that stablecoins are popular among conservative investors who dislike the crypto market’s volatility.

Meanwhile, ETH also looks to be unhampered as investors continue to invest in the coin. ETH is behind the leading USDC with just over a thousand dollar gap in the average purchase amount. Ethereum looks to eclipse the king of crypto Bitcoin once it commences its Merge.

While there are several factors why holders continue to accumulate lots of ETH, it is no secret that Ethereum’s The Merge and its impending effects on the whole blockchain ecosystem have an influence on this aspect.

ApeCoin has made headlines these past days—from simply enjoying its position on the green market, and its price reaching an all-time high (ATH) to plunging after a Bored Ape Yacht Club (BAYC) Instagram and Discord hack.

Regardless of these developments, the community continues to trust the token. According to WhaleStats, APE has an average purchase amount of $1,731 and an average token quantity of 97.

As of writing, APE seems to have recovered from its dip and is now up by 4.4% at $18.93. It now flirts with its ATH of $19.46.

Whalestats’ top 10 purchased tokens by 2000 biggest ETH whales also include Lido Staked ETH, wrapped BTC, SAND, compound Ether, True USD, and MANA.

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