Top DeFi Projects Whales Are Buying Now: Avalanche, Chainlink, and NuggetRush

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TLDR:

  • Following the recent crypto market decline, whales returned to purchasing several top DeFi coins.
  • The biggest purchases among the big-cap DeFi projects were recorded in Avalanche and Polygon.
  • Whales are banking on the new project, NuggetRush, for big returns after its airdrop.

The Decentralized Finance (DeFi) sector continues to attract a ton of attention even through the recent market wipeout. There has been a rise in whale activity as signs of recovery appear on the horizon. Avalanche (AVAX), NuggetRush (NUGX), and Chainlink (LINK) are the top DeFi projects gaining a ton of whale interest. Let’s find out why.

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NuggetRush (NUGX) To Record Boost in Price After Airdrop

NuggetRush (NUGX) is one of the new DeFi projects sending waves of optimism across the cryptocurrency market. NuggetRush recently completed its presale and received massive support from whales and retail investors. Over 270 million NUGX tokens were purchased during the crypto ICO, helping the project raise over $3.8 million.

The innovative GameFi model of the NuggetRush platform is the reason why it is on the radar of every DeFi enthusiast. NuggetRush is a mining game where the user turns into a miner who explores the virtual world, seeks out gold and other precious minerals, digs them up, and sells them for real money or even exchange for other valuable items. 

NuggetRush is not only confined to its virtual world, but also affecting the lives of real-world artisanal miners via the impact gaming model. Many investors consider NuggetRush as one of the best presale tokens to buy, as the project has dedicated a portion of its profit to be sent to these miners in underdeveloped countries.

Following a very successful presale, NuggetRush is just days away from its highly anticipated airdrop. While the NUGX token will be listed at $0.020 per coin, analysts have forecast a potential rally to $0.50 in the first few weeks after its launch.

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Whale Interest in Avalanche (AVAX) Rises in Anticipation of Rally

On-chain data tracker IntoTheBlock has reported a surge of whale activity for Avalanche (AVAX). In early April, IntoTheBlock reported that over $2.1 billion worth of AVAX tokens were snapped up by whales. The report came amidst the belief that Avalanche will be one of the top bullish altcoins in Q2.

The bullish sentiment has continued, with 1k-10k AVAX addresses increasing by 4.89%, while 10k-100k AVAX holders have increased by 5.75% over the past 30 days. Lookonchain also confirms the ongoing accumulation spree. 

The on-chain analytics firm reported that AVAX was the most-bought altcoin following the recent crypto market decline. While the DeFi coin price has remained around the $35.00 region, analysts expect Avalanche to retest the $50.00 resistance level after the Bitcoin halving.

Chainlink (LINK) Investors Remain Bullish Despite Price Drops

Although Chainlink (LINK) has struggled over the past month, dropping from $22.00 to the $13.50 range, investors are still bullish about this DeFi coin. A key reason for this is the continuous expansion of the project. In a bid to become one of the best DeFi projects, Chainlink recently launched the Transporter tool.

This new tool is designed to make transfers easier across blockchains. In addition, Chainlink has recently launched on Base and added Strader to its network to boost liquidity staking across chains. Based on its expansive growth, The Crypto Wolf has placed the DeFi crypto among the potential “mooners” in the next bull market.

Closing Thoughts

Crypto whales are anticipating a massive increase in the months that follow the Bitcoin halving, hence their increased purchase of Chainlink, Avalanche, and NuggetRush. These are some of the best DeFi coins attracting a ton of interest as they have shown the potential to yield big returns in the next bull market.

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