On-Chain Data Shows which 10 Altcoins on Avalanche are Being Purchased by Whales
New data from a whale-surveilling website reveals which crypto assets are being devoured by the top 1,000 Avalanche (AVAX) whales.
According to WhaleStats, which recently began keeping track of the smart contract platform and Ethereum (ETH) competitor, deep-pocketed AVAX investors are, on average, snapping up thousands of dollars worth of stablecoins and other altcoins.
Avalanche itself takes the number two spot with an average purchase amount of $13,899.
Avalanche-based decentralized exchange TraderJoe (JOE) lands at number seven followed by Wrapped Ethereum (WETH.e) and Wrapped Bitcoin (WBTC.e), which are Bitcoin and Ethereum tokens bridged over to the AVAX protocol.
Wrapped Avalanche (WAVAX) rounds out the list.
WhaleStats also shows that the top-held crypto assets by Avalanche whales are AVAX, WETH.e, USDC.e, JOE, USDT.e, MIM, WBTC.e, WAVAX, Wrapped Chainlink (LINK.e), and blockchain-based play-to-earn gaming token Cradaba (CRA).
Statistics show that Avalanche whales hold 2,440 AVAX tokens on average, worth $267.613, while the biggest token position by dollar value held by them overall is Wrapped Ethereum.
Avalanche is currently exchanging hands for $107 at time of writing, an 11% decrease from its seven-day high of $120.
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