Top Ethereum whales were keeping the momentum going by moving large numbers of altcoins. The high momentum invited a different pick amongst altcoin almost every day. This ‘pick-of-the-day’ kind of buying trend has given way to many new entrants- boosting their markets with a positive momentum influx.
Amidst constants like MATIC and Ethereum among alts and stablecoins like USDC and USDT, the 331st ranked crypto Verasity [VRA] managed to cut this list on Thursday. Taking Twitter to announce the same, whale data aggregating platform WhaleStats said,
“JUST IN: $VRA@verasitytech is back on top 10 purchased tokens by 1000 biggest ETH whales.”
At press time, the top Ethereum whale wallet addresses had bought more than 165.5k VRA tokens worth $5,190 in the 24 hours. This buying spree of the whales sent VRA to the ninth position, right above DeFi token Uniswap.
Ripple effects
Thanks to these big buys, the coin’s market cap had managed to reclaim $150.5 million, up by 8% on the daily timeframe. The current levels are akin to the early days in January.
The cumulative volume has been hovering at a level higher than its average. The recent spikes were similar to ones registered in October and November 2021.
Thus, with sufficient momentum in the market and adequate buy-side bias, this Ethereum whale-picked token should be able to continue rallying over the next few trading sessions at least.