Nansen: "While awaiting the SEC's Critical Decision, Whales Turned to Ethereum and ETH-Based Altcoins! Money is Flowing to These Altcoins!”

While there is only one day left until the decision day on Spot Ethereum ETFs, Blommberg analysts announced at the beginning of the week that they increased the probability of the SEC's approval of $ETH ETFs to 75% after some hearings they received.

While the increasing possibility that the SEC will approve $ETH ETFs brought an increase to the cryptocurrency market, Ethereum and $ETH-based altcoins also recorded tremendous increases.

While interest in $ETH and altcoins is increasing, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies today.

According to Nansen data, while Ethereum was rising, whales increased their purchases of $ETH, Lido DAO ($LDO), weETH, $IMX, $GALA.

Accordingly, $ETH, $LDO and $GALA, which recently experienced a major hack, were among the altcoins most purchased by whales.

While $ETH ranked first in the list of most purchased cryptocurrencies, Ethereum-based altcoin $LDO took second place.

weETH is in third place; $IMX ranked fourth and $GALA ranked fifth.

According to Nansen data, Ethereum recorded an inflow of $47.1 million in the last 24 hours, while $LDO recorded $7.5 million; weETH recorded an entry of $3 million.

Finally, $IMX and $GALA experienced inflows of $1.3 and $1 million respectively.

While there were increases in prices in line with these inflows, $GALA benefited the most from these inflows.

Because $GALA recorded an increase of 13.6% in the last 24 hours and became the second most profitable altcoin.

*This is not investment advice.