BSC whales continue to trust ADA according to on-chain data

  • The largest BNB whale recently acquired over 5.1 million in ADA
  • BSC whales have also been dabbling in Dogecoin and ALPHA tokens

On-chain monitoring tool WhaleStats revealed that the largest BNB whale added $5.1 million in ADA to its portfolio on Sunday. The blockchain service, which tracks the top hodlers on BSC and the tokens they hold, public the information on your Twitter account focused on BSC @WhaleStatsBSC.

More specifically, the giant investor obtained 5,367,075 ADA tokens for a price of $5,106,208. It should be noted that the tokens in question are ADA BEP20 tokens, which exist solely on the BNB chain. They are not real ADA (Cardano native) tokens, but tokens pegged to the ADA price on the Binance chain, which means that such tokens cannot be transferred to a Cardano address. They also lack participation or governance rights.

The acquisition of the whale only adds to an already huge investment in crypto tokens mostly denominated in BNB. The portfolio of this investor has a significant concentration of 74.62% in the native token of the BNB chain, which adds up to a value of $1,779,663,305.

BSC investors bet even more on altcoins

Despite Cardano dipping below the crucial psychological support level of $1 towards the end of last week, crypto investors still appear bullish. Yesterday, ADA jumped into the top 10 most purchased tokens in the last 24 hour period by the top 1000 investors on the BSC list.

“ADA [Cardano] it is again among the 10 tokens bought by the 1000 largest BSC wallets in the last 24 hours. The top 1000 BSC whales have 11,276,770 ADA worth $11,815,034”, reported the data aggregator at that time.

BSC whales have also been interested in other tokens, with the most recent candidate being Dogecoin. the coin meme change to ETH for the top spot for the most traded token by the top 1,000 whales in the last 24 hours. At press time, DOGE’s portfolio concentration is 1.83%, representing 324,950,073 held tokens worth $46,070,284.

Also, BSC whales are gaining more and more interest in ALPHA from Alpha Finance, with the token jumping recently among the ten most purchased by this group of whales. 9,517 tokens have been purchased at an average price of $3,219 in the last 24 hours, making it the seventh most purchased token in that time span.