Dogecoin Millionaires Park Their Money In These 10 Altcoins!

According to the information provided by Finbold, the number of Dogecoin millionaires has exceeded 1,000 since the beginning of the year. The largest chest coin attracts mid-range investors due to its high volatility. So, what other altcoins is this class of investors called “whales” investing in?

Here are the altcoins that Dogecoin whales bought

Information provided by WhaleStats shows that the top 100 Dogecoin whales are also accumulating recognized tokens such as Cardano, Chainlink, Polygon and Gala Games. Most of the wallets of Dogecoin whales are devoted to DeFi processes. Whales use wrapped tokens very often, especially wETH and wBTC. According to the information, the other top 5 cryptocurrencies owned by Dogecoin whales are:

  • LYO Credit (LYO)
  • Wrapped Ethereum (wETH)
  • Binance-Peg BTCB Token (BTVB)
  • Tether (USDT)

The second five include recognized tokens such as ADA and LINK from the middle of the top 50 at market expense. In particular, Everdome surpasses giants such as MATIC, ADA and LINK with its $40 million whale fund. The rest of the list is as follows:

  • pTokens GALA (pGALA)
  • Everdome (DOME)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Polygon (MATIC)

It fell hard with the news of the GALA hack, where the whales allocated $ 4 million As you follow, Gala Games (GALA) lost more than 30% of its price on November 4 after the news that it was hacked. The game project claimed that “everything is fine” after news of the billion-dollar hack emerged. However, sales did not slow down as the news had already caused panic among investors. Behind the event is the misconfiguration of the pNetwork bridge, which triggered the additional export of Gala. Thus, hackers were able to print a large number of tokens by exploiting smart contract protocols. They flipped some of these tokens on Huobi. This caused GALA to drop 90% on some cryptocurrency exchanges at one point.

Following the incident, Binance announced that it suspended GALA/USDT processes indefinitely.

Gala Games leader Jason Brink also revealed that pNetwork was behind the “extraordinary activity” detected on PancakeSwap, which sought to drain the liquidity pool to protect it from malicious exploitation. The gaming company also stated that all GALA tokens on Ethereum, as well as the GALA-related assets on the GALA bridge, are faithful and the group has joined forces with pNetwork to stop process activity on the bridge permanently.

GALA is currently delisted from major exchanges such as Huobi and Binance. Binance will leave the GALA processes on the Ethereum network open during this process.

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