Ethereum whales are massively accumulating this metaverse coin – and it’s not AXS, MANA, or SAND
As the metaverse goes mainstream in the marketplace, crypto whales are devouring a less-publicized gaming project.
According to WhaleStats, Gala Games (GALA) accounts for nearly 1% of the total holdings of the top 1,000 Ethereum (ETH) whale wallets, around $ 519.5 million.
For comparison: The popular game platforms Axie Infinity (AXS), Decentraland (MANA) and The Sandbox (SAND) take up a smaller share.
MANA accounted for 0.29% of the whale pouch valued at $ 171.9 million. SAND was 0.24% valued at $ 141.4 million.
WhaleStats currently has no AXS data, despite a new tweet to speak that it is the third most popular search term on the website. Additionally, some low-cap tokens are mentioned in the image below.
GALA is a gaming platform that combines NFT on blockchain and works on both Ethereum and Binance smart chain ecosystems. The value soared after being listed on Coinbase in November.
WhaleStats report that GALA is one of the TOP 10 coins that whales hold the most. The average number of tokens held is over 1 million with a valuation of $ 519,591.
At the time of writing, GALA is down nearly 7% to $ 0.45. Like most other cryptocurrencies in the market, it has been going through a rough patch in the past few weeks after hitting a monthly high of $ 0.74 in November.
Axie Infinity is also down slightly to $ 94.11, Decentraland is down 8% to $ 3, and The Sandbox is down 5.26% to $ 4.8.
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