Matic and Uniswap are among the top tokens bought by whales amid a market decline
According to WhaleStats data, MATIC and Uniswap are among the top 10 purchased tokens in the last 24 hours. Following a market correction on Feb. 10, the majority of tokens were trading in the red as of press time.
The market saw a slight correction as Bitcoin and altcoins fell, with 24-hour liquidations totaling $192.77 million. Higher than expected consumer price index (CPI) data forced markets to trade lower.
The Crypto Fear & Greed Index, which measures market sentiment, is presently at ”neutral,” which suggests that traders were unfazed by the drop.
Meanwhile, investors used the time to accumulate their favorite tokens, with MATIC and Uniswap among the top 10 tokens bought over 24 hours. Both tokens are also placed among the most used smart contracts. Shiba Inu remains the largest owned among whales while Uniswap is the most widely owned.
Markets attempting a recovery
The markets slumped lower on the expectations that the Federal Reserve may now have to start hiking interest rates sooner due to rapidly growing inflation.
At press time, Bitcoin and the majority of assets were trying to pare losses over the past 24 hours. The total market valuation has risen to around $1.98 trillion. Bitcoin is currently trading at $43,717.
