The world’s largest Ethereum (ETH) whale is in charge of three metaverses as crypto markets show signs of improvement.
Outside of stablecoins and ETH, blockchain gaming platform Play-to-Earn Gala (GALA) was the top target for the top 100 Ethereum wallets on Sunday, according to blockchain tracker WhaleStats.
The top 100 ETH addresses bought an average of $3,287 in GALA tokens over a 24 hour period over the weekend.
The top 100 ETH whales also targeted Smooth Love Potion (SLP), a token used in the Axie Infinity (AXS) ecosystem to earn rewards and buy creatures in the online fighting game. Whales bought an average of $1,879 from SLP.
Additionally, for an average value of $130, the whales also purchased the original token for the metaverse play-to-win game The Sandbox (SAND). Sandbox recently rallied around news of its listing by US-based crypto exchange giant Coinbase.
The top 100 Ethereum wallets bought an average of $645 of the native token of Compound (COMP), a decentralized financing platform for borrowing and lending crypto assets, and $107 of CHSB, the native token of SwissBorg, a cryptocurrency wealth management platform.
The total market capitalization of the cryptocurrency has increased by more than 7% in the past 24 hours.
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Featured image: Shutterstock / Natalia Siiatovskaia / Mia Stendal