Fresh on-chain data shows the world\u2019s biggest Ethereum whales are turning their attention to a diverse array of altcoins in multiple sectors as ETH itself struggles on the price charts.<\/p>\n\n\n\n
The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses.<\/p>\n\n\n\n
The whale-monitoring website shows<\/a> the top players are fond of ApeCoin<\/a> (APE), the Ethereum-based altcoin affiliated with the Bored Ape Yacht Club non-fungible token collection. According to WhaleStates, the deep-pocketed investors bought an average of 13,592 APE for a cost of $53,690.<\/p>\n\n\n\n APE was the second-most purchased digital asset among Ethereum whales other than US Dollar Coin<\/a> (USDC), a stablecoin that seeks to peg its value to the US dollar.<\/p>\n\n\n\n The whales are also keen on fellow stablecoin Tether<\/a> with an average purchase amount of 47,482 USDT for $47,451.<\/p>\n\n\n\n Fourth on the list is\u00a0PAX Gold<\/a>, an Ethereum-based token issued by blockchain infrastructure platform Paxos that\u2019s backed by physical gold. The whales scooped up an average of 10 PAXG for a price tag of $18,278.<\/p>\n\n\n\n Ethereum<\/a> itself is in fifth place with the average buy-in of 12 ETH costing $13,690.<\/p>\n\n\n\n The Ethereum-based stablecoin Dai<\/a> (DAI) ranks sixth among whale buys, with wallets nabbing 9,358 DAI for an average of $9,376.<\/p>\n\n\n\n Coming in seventh is Wrapped Ethereum (WETH), a token designed to keep a 1:1 ratio to the value of ETH. The whales acquired four WETH tokens for an average of $4,290.<\/p>\n\n\n\n Next up is Synthetix Network<\/a> (SNX), a cryptocurrency powering the trading of synthetic assets on the Synthetix platform. The largest ETH whales purchased 2,113 SNX tokens on average worth $4,290.<\/p>\n\n\n\n At number nine is layer-2 scaling solution\u00a0Polygon<\/a>\u00a0(MATIC), with the ETH whales socking away an average of 3,953 MATIC for $1,408.<\/p>\n\n\n\n