These 5 Ethereum Coins Are Being Accumulated by “Whales”

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Ethereum and top altcoins have undergone strong retracements from their summer highs. Even still, investors remain bullish as they look out into the long run. Santiment reports that whales have been investing heavily in Ethereum and some ETH-based altcoins. These are REN, Chainlink, Aelf (ELF), Kyber Network (KNC), and 0x (ZRX). Some Ethereum Coins Are Being Accumulated By Whales Ethereum and top altcoins have undergone strong retracements from their summer highs. ETH, for instance, dropped from $490 to the September lows of $310 while some smaller altcoins saw even worse corrections. DeFi coins, especially, were hit hard by this market drop. An analyst noted that the average DeFi coin had dropped 65% from its summer highs by early October. This was because DeFi coins rose faster than all the rest, meaning they were the first to drop when capital stopped flooding in from new investors. They also dropped the fastest…

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