The downward trend in Bitcoin and altcoins, which started in June after the German government sales, caused the price to drop to $ 53,600 in early July.
While BTC and altcoins gave a signal of recovery after the deepening declines last week, whales, who tend to take advantage of the declines, did not remain idle and bought altcoins.
Accordingly, while the market was recovering, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies in the last 24 hours.
According to Nansen data, whales generally turned to Ethereum (ETH)-based cryptocurrencies. Accordingly, while WETH, cbETH, stETH were among the top altcoins purchased by whales, whales also purchased large amounts of APU and Hashflow (HFT).
In the list of most purchased cryptocurrencies, WETH ranked first, cbETH ranked second, and stETH ranked third.
These were followed by memecoin Apu Apustaja (APU) in fourth place, and HFT in fifth place.
While WETH recorded an entry of $4.8 million in the last 24 hours, cbETH recorded an entry of $4.18 million, stETH $2.12 million, APU $1.57 million and HFT $1.45 million.
In parallel with these entries, the APU price increased by 12% in the last 24 hours.
*This is not investment advice.