Collecting DeFi Coins: Whales Pick These 8 Altcoins!

The cryptocurrency market is in the green again as multiple altcoins take action. Lido DAO (LDO) was the highest bidder today, at 2%. In precedent, there is growing interest from whales on the DeFi coins front as well.

DeFi coins are gaining attention again

The DeFi market has been taking part in massive whale purchases for the past few days. Total cost (TVL) locked across all protocols on October 16 was at its lowest point in October. Later, from this point, the trend began to turn on the contrary. Currently, the aforementioned metric shows a high score of $54 billion. As shown below, a recovery of close to 1% was recorded on this front in the past day.

Personal protocols such as Maker and Lido Finance have gained over 4% over the past week. It thus spurred a broader recovery.

Interestingly, Algorand’s TVL has been rising since the beginning of this month. From a low of $175 million recorded on Oct. 7, the platform’s TVL cost tends to hit $274 million ATH. In particular, it recorded an increase of 2% compared to the previous day.

On the price front, it was all about DeFi, three tokens amid the top five winners on Wednesday. Curve DAO’s native token rose more than 8%, while Maker and Lido gained 7% and 6% respectively.

In addition, whale watching platform WhaleStats revealed that DeFi platform Convex Finance was the most used smart contract platform amid the top 500 Ethereum whales last day. A few hours ago, the record was in Lido’s hands.

In fact, whales are watching DeFi tokens in terms of participation. Uniswap was a fraction of 10 tokens by transaction volume amid the 1,000 largest ETH whales in the last 24 hours. Processes were mostly on the buying side. For example, the whale named “BlueWhale0180” purchased 1,791,999 UNI tokens on Tuesday for approximately 11,504,633. Thanks to the positive sentiment, the DeFi token gained 3% daily.

Shiba Inu (SHIB) ranks first in the wallet of the 2,000 largest Ethereum whales

Currently, Uniswap and Maker have a combined 5% load in the portfolios of the 2000 largest Ethereum whales. The Shiba Inu (SHIB) is the largest among these whales, with $128.7 billion. Later in the list, we see major Ethereum tokens such as LINK and MANA. According to data provided by WhaleStats, the top 2,000 Ethereum whales are dedicating the bulk of their portfolios to the following cryptocurrencies.

  1. Shiba Inu (SHIB)
  2. Maker (MKR)
  3. BitDAO (BIT)
  4. PAX Gold (PAXG)
  5. Uniswap (UNI)
  6. Locus Chain (LOCUS)
  7. Chainlink (LINK)
  8. Decentraland (MANA)

Koindeks.comAs you follow, Uniswap founder Hayden Adams announced that funds from the Series B financing type completed last week will be used to support the growth of his project.

The same will be done by investing in web apps and developer tools, starting NFTs and moving to portable media amid others.

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