Ethereum Whales Are Buying These Altcoins

Whales in the Ethereum (ETH) ecosystem started buying altcoins after the ETFs were approved.

According to the post of Blockchain analysis platform Lookonchain, Ethereum users are purchasing Lido Dao (LDO), Aave (AAVE), Uniswap (UNI), Chainlink (LINK) and Ethereum Name Service (ENS).

The US Securities and Exchange Commission's (SEC) approval of 19b-4 applications for the spot Ethereum ETF increased optimism in the market. If the S-1 files are approved, these funds will be able to be traded in the market.

It was determined that the whales received 82,040 ENS, 214,465 UNI, 19,771 AAVE, 19,991 AAVE, 872,702 LDO, 602,324 LDO, 914,961 LDO and 65,541 LINK, each being different.

According to CoinGecko data, all of these started to gain value after whales invested.