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Discover the Standout Performers: Bitcoin Struggles to…
Identifying the Standout Performers: Bitcoin Struggles to Bounce Back, Whales Flock to These Altcoins in the Past 24 Hours!
Based on data from Nansen, Polygon (POL), Ethereum (ETH), WETH, and ENA were among the top altcoins that whales purchased the most.
By Elif Azra Güven
June 25, 2024 – 08:13
Updated:
5 seconds ago
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After reaching its all-time high of $73,000 in March, Bitcoin faced a significant decline and started the new week with further losses.
BTC plummeted to $60,000 in the morning and continued its downward trajectory, dipping below $59,000 in the evening. However, it managed to recover and surged back up to $60,800.
As Bitcoin made a recovery, altcoins followed suit and displayed positive movements in the market. According to CoinMarketCap, SingularityNET (AGIX) saw a 23.1% increase, Dogwifhat (WIF) surged by 22.3%, and Fetch.ai (FET) and BONK both experienced a positive separation from the market with gains of 21.8% and 17.4% respectively.
During this recovery, whales took advantage of the market dips and engaged in significant altcoin purchases. On-chain data tracking platform Nansen revealed the most bought cryptocurrencies within the past 24 hours.
According to Nansen, whales showed a preference for various altcoins, with Polygon (POL), Ethereum (ETH), WETH, and ENA being the top choices for whale purchases.
The list of most purchased cryptocurrencies ranked POL as the first, followed by ETH, WETH, and ENA. Additionally, whales also invested in Chainlink (LINK), OUSG, and UNI.
Within the last 24 hours, POL recorded an inflow of $16.9 million, while ETH and WETH saw inflows of $9.1 million and $7.2 million respectively.
*This is not investment advice.
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