The decline in Bitcoin and altcoins turned investors as well as markets upside down. At this point, some investors move away from the market after the losses they experienced, while some investors see this decline as a buying opportunity.
While Bitcoin and altcoins recovered after the sharp decline, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies by investors in the last 24 hours.
According to Nansen data, whales increased their purchases of aEthWETH, DAI, SPEC and WBTC.
Accordingly, DAI, aEthWETH, SPEC and WBTC were among the altcoins most purchased by whales.
DAI is an Ethereum-based stablecoin whose issuance and development is managed by Maker Protocol and MakerDAO.
In the list of most purchased cryptocurrencies, aEthWETH ranked first, while DAI ranked second.
Spectral (SPEC) is in third place; WBTC ranked fourth.
Apart from these, whales also made significant purchases in altcoins named MKR, CRV, UNI, NEIRO and TURBO.
According to Nansen data, aEthWETH recorded an inflow of $24.5 million in the last 24 hours, while DAI recorded $24 million; SPEC recorded an inflow of 18 million dollars.
Finally, WBTC and MKR experienced inflows of $4.63 and $1.43 million respectively.
While there were increases in prices in line with these money inflows, Spectral (SPEC) and NEIRO were the ones who benefited the most from these inflows.
While SPEC recorded a 23.6% increase in the last 24 hours, Ethereum-based memecoin NEIRO increased by 54.5%.
*This is not investment advice.