Data from WhaleStats that tracks the top ETH wallets indicate that large investors have been loading up cryptocurrencies such as Ethereum (ETH), Shiba Inu (SHIB), Tether (USDT), Woo Network (WOO), Audius (AUDIO) as these rank among the top ten purchased in the last 24 hours.
An ETH whale just bought 3,713,675,424,944 SHIB or $89,128,210 worth,WhaleStats crypto tracker has reported that slightly an hour ago. This comes as another whale purchased another 271 billion Shiba Inu earlier in the week. Shiba Inu is posting a rebound alongside the rest of the crypto market, trading up 7.76% at $0.239.
As seen on the blockchain data platform another ETH whale just bought 2,500,000 LRC or $2,277,687worth as Loopring rises nearly 30%. Bitcoin rose to intraday highs of $42,405 on Mar.19 as the crypto market recovery continued.
At the time of writing, a handful of tokens were seen recovering gains, both over the last 24 hours and on the weekly. Audio (AUDIUS, +46.24%) Immutable X (IMX, +30.96%), Serum (SRM,+22.34%), CEEK VR (CEEK, +17.05%), XYO (XYO, +18.16%) were significantly up in the last 24 hours.
Despite recent positive dynamics, Bitcoin has been stuck in a sideways range between $37K and $42K since March, unable to decide which way to go. There has been a sturdy support line on the dips under $38K since the last days of February. And this is positive strength, indicating that due to inflation and geopolitical worries, long-term buyer demand has shifted from $30K to $38K.
Such a shift in the level of interest rates toward long-term buyers fully reflects the price increase. Bitcoin trades at $41,972 at press time.
Image Credit: Shutterstock, WhaleStats
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