New statistics indicate that Ethereum (ETH) whales are backing up the truck on several gaming and social altcoins as the crypto market recovers from its December dip.
According to WhaleStats, a whale-surveying platform, the top 1,000 ETH whales are gobbling up millions of dollars worth of the most popular metaverse names, stablecoins and ETH-based altcoins.
WhaleStats numbers show that the top two coins being bought by deep-pocketed ETH investors in the past day are Ethereum itself, followed by the stablecoin USD Coin (USDC).
Chiliz (CHZ), a blockchain platform for tokenizing sports and esports in order to encourage fan engagement and to provide fan rewards, sits at the number three slot, while stablecoin Tether (USDT) grabs the fourth spot.
In fifth place is Ethereum rival Polygon (MATIC), followed by play-to-earn blockchain-based game Axie Infinity (AXS) and virtual reality metaverse Decentraland (MANA).
Decentralized finance (DeFi) platform Synthetix (SNX) and yearn.finance (YFI) come in eighth and ninth. Ethereum-based virtual world The Sandbox (SAND) rounds out the top 10 list.
WhaleStats also shows that the 79th-wealthiest ETH whale hauled in a staggering 144,842,922 CHZ tokens worth about $45.7 million, nudging Chiliz up to comprise just under 8% of the crypto investor’s portfolio.
Another notable transaction by the same whale was its purchase of 4,967,667 WOO tokens worth $4.44 million. WOO is an Ethereum-based coin and the native utility token of WOO Network, a decentralized fintech startup and pool trading platform
CHZ token is currently exchanging hands at $0.30, a 21.5% increase from its seven-day low of $0.25, while WOO is trading at $0.93.
The whale-watching website also shows the 104th-ranked ETH whale buying 399,999 MATIC worth $1.05 million.
MATIC is exchanging hands $2.50 at time of writing, a 22% increase from its seven-day low of $2.05.
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