Whales turn to Ethereum ecosystem altcoins

The SEC’s approval of Ether spot ETFs has whales on the move. Major crypto addresses are turning their attention to the decentralized finance ecosystem following Thursday night’s approval. UNI, AAVE, LDO and ENS have become prominent alt coins among them.

Whales turn to Ethereum ecosystem altcoins

The approval of Ether spot ETFs in the US has caused whales to turn to Ethereum ecosystem tokens. After the approval was officially announced by the SEC, it was noteworthy that wallets opened just a few days ago made million-dollar token purchases.

Purchases were made again over the weekend

These tokens bought by whales again saw significant purchases over the weekend. As you may remember, after the SEC’s approval, some whale wallets bought ENS, LDO, AAVE, UNI and LINK.

Other whale wallets also made significant purchases of the same tokens on Friday, Saturday and Sunday. According to Lookonchain, one large account bought a total of $28 million worth of Ethereum ecosystem tokens. The purchases made on the Binance exchange are as follows:

  • 4 million LDOs worth $9.3 million
  • 858,000 UNI units worth $8.7 million
  • 71,000 AAVEs worth $7.4 million
  • 82 thousand ENS worth $2 million
  • 251 thousand FXS worth $1.25 million

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