As is known, according to the data, for a long time, the most purchased altcoin by Ethereum whales was Shiba Inu (SHIB). However, a surprise cryptocurrency has become the new favorite of Ethereum whales.

With the latest development, Serum (SRM) has become the most purchased token by Ethereum whales in the last 24 hours, according to WhaleStats data, surpassing FTX token and Shiba Inu (SHIB).

It has been learned that the Ethereum whale named “Three Arrows” has purchased a large amount of Serum (SRM). Whale added approximately 65 million Serum tokens worth $167.5 million to its wallet.

You can see the WhaleStats chart below, which shows the cryptocurrencies Ethereum whales have bought the most in the last 24 hours.

Strong Rally from Serum (SRM)

Serum (SRM), a Solana-based DeFi token, has experienced a strong rally in the last 24 hours. It is said that the rise experienced by the cryptocurrency is due to the sale of NFT and some large whales buying this token, increasing their volume values.

Serum (SRM) price has risen 10% in the last 12 hours and climbed to $2.57. Serum (SRM) price seems to have recovered sharply from a one-month low. At the time of writing, the 24-hour trading volume of Serum (SRM) is $208,945,280. The serum hit an all-time high price of $13.78 on Sep 11, 2021 (7 months ago).

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Serum (SRM) announced via Burnt Finance's Ignition Launchpad that a collection of 5,000 NFTs will be launched on the Solana (SOL) network. This new move of the project is thought to attract the attention of Ethereum whales. Altcoin developers said in their statement that NFT holders will be allowed access to special sweepstakes and other events.

In addition, it has been reported that Whitelist members can mint NFT as of April 19, while the rest will be able to buy NFT from April 21. With a total market capitalization of $334 million, Serum ranks 159th among the world's largest cryptocurrencies.