Biggest Ethereum holders started to buy the WOO Network exchange token

The asset has broken into the top 3 in sales per day, behind only USDC and USDT stablecoins

06.06.2022 - 15:25

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What’s new? The top 100 Ethereum whales have started actively buying the utility token of the WOO Network, a decentralized exchange. During the 24 hours from June 5 to 6, the asset broke into third place in terms of the number of purchases, behind only centralized USDC and USDT stablecoins, according to WhaleStats, a blockchain explorer. As of June 6, 15:00 UTC, it is trading at $0,16, according to Binance. Aavegotchi (GHST), Synthetix (SNX), and Aave (AAVE) were also on the investors’ top.

Source: Dailyhodl.com

What is known about altcoins? GHST is the utility token of the Aavegotchi ecosystem that is used as a base currency to buy digital assets. The altcoin also allows holders to participate in governance as part of the decentralized autonomous organization AavegotchiDAO. The GHST token is priced at $1,51.

SNX is the token of the Synthetix protocol that allows the creation of synthetic assets based on Ethereum. SNX can also be used for staking. The token is trading at $2,84.

Synthetic assets replicate the price behavior of real assets. This allows traders to get information on changes in exchange rates without having to own or transact real assets.

AAVE is the native token of Aave, a DeFi platform for lending and borrowing. The AAVE rate is $106,4.

The price of Ethereum is $1 888, having increased by more than 5% in the last 24 hours.

Per week from May 20 to 27, the most active growth was shown by the altcoins such as Anchor Protocol (ANC), TopChain (TOPC), Mars Protocol (MARS), TOKYO (TOKC), and TiFi Token (TIFI). For more details about them, see GetBlock Magazine’s article.

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