- MANA (Decentraland) now enter the most-held token list among the top 500 ETH whales.
- The surge can be attributed to the introduction of a new rental feature for LAND owners.
- MANA accounts for 0.66% of the top 100 ETH whale holdings.
As per the data from WhaleStats, a crypto whale analytical platform, Decentraland (MANA) enters the top ten purchased token list among the 500 biggest ETH whales in the last 24 hours. The data was shared by WhaleStats on their official Twitter handle.
However, a deeper look into the holdings of the top 100 ETH whales reveals that MANA is not on the list of the top ten most purchased cryptos. The whales are primarily holding USDT and USDC. USDT and USDC holdings account for 30.97% and 26.28%, respectively.
As per the details, MANA accounts for 0.66% of the top 100 ETH whale holdings. They hold a combined total of 37,412,063 MANA, which is worth around $14.2 million.
MANA is trading at $0.3794 at press time. The coin is down by 5.2% in the last 24 hours. As per the details from CoinMarketCap, MANA is down 10.3% in the last seven days and 20.18% in the last 30 days. There has also been an 18% increase in the 24-hour trading volume, especially on CEXs.
The new surge in whale interest can be attributed to the introduction of a new rental feature for LAND owners. The feature allows users to rent out their land and property and earn passive income. The users can set the price, rental period, and expiration date for their LAND or property.
As per the announcement details, all transactions will be carried out using the native token of Decentraland, which is MANA.
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