Whale Accumulates Little Known Altcoin After It Lists on Coinbase

- Advertisement -

Ethereum whales quickly moved to accumulate a little-known altcoin called Render Token (RNDR) shortly after the cryptocurrency was listed on Coinbase exchange.

According to data shared by the tracking service WhaleStats, RNDR is quickly becoming one of the most bought coins by the 1.000 largest whales on the Ethereum network, these whales have accumulated over 35,5 million dollars RNDR.

- Advertisement -

WhaleStats data shows that RNDR is second only to Ethereum and three stablecoins: USDC, BUSD, and USDT. 

What is Render Token (RNDR)? RNDR . Cryptocurrency Details

Render, is the native coin of Render Network, a blockchain-based GPU rendering network and 3d marketplace that aims to make premium 3D content creation more accessible.

Through the Render Network, node operators can monetize idle GPU processing power for rendering processing in exchange for RNDR.

Coinbase also listed other altcoins at the time, namely Aventus (AVT) and Quantstamp (QSP).

While these two cryptocurrencies have seen larger price increases after their listing, only RNDR has seen Ethereum whales accumulate.

WhaleStats data also shows that the coin with the largest dollar value of whales is FTT, while the cryptocurrency most held by whales is Uniswap.

At the time of writing, Loopring's LRC has also made it to the list of the most bought coins by Ethereum whales, along with BAT.

See more:

1.5/5 - (2 votes)
- Advertisement -


Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

HOT: Cryptocurrency lending giant BlockFi files for bankruptcy

BlockFi is the latest name to follow in the footsteps of FTX declaring bankruptcy...BlockFi is the latest crypto lender to file...

SHIB trading volume up 83% as whales keep accumulating

SHIB burn rate increased by 4,497% in the last 24 hours. The crypto market is currently under selling pressure as the majority of...

Binance CEO believes the market will recover in 2023

After a tumultuous 2022, Binance CEO Changpeng Zhao (CZ) believes that the crypto market in 2023 will be very...

Stablecoin project Ardana on Cardano suspends operations

Ardana, a stablecoin project being built on the Cardano blockchain, announced in a Twitter post on Jan.

Ethereum Important Upcoming Upgrades

Ethereum developers are aiming to include EIP-4844 in a new upgrade in the future.During a meeting of developers...

Related posts

- Advertisement -