Advertisement
AD

Main navigation

Suprise from 2017: Request Network Becomes One of Most-Purchased Tokens by Ethereum Whales

Advertisement
Mon, 28/02/2022 - 14:25
Suprise from 2017: Request Network Becomes One of Most-Purchased Tokens by Ethereum Whales
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Request Network's token, REQ, surprisingly became one of the most purchased tokens among Ethereum whales, according to WhaleStats tracking service. REQ gained sixth place as one of the most widely purchased assets among Ethereum whales.

Advertisement

Request Network is a token from the "2017 Era," also known as the "ICO Era" – the first major bullrun on the cryptocurrency market, during which Bitcoin reached the $20,000 milestone and garnered its first recognition from governments all over the world.

The project was initially aimed at creating an ecosystem similar to PayPal's that would allow for paying with crypto on almost any website with a click of a button. But unfortunately for its investors, the project lost the attention of the public after the bullrun concluded. 

Article image
Source: WhaleStats

The price of the asset rapidly dropped from almost $1 to $0.2 as time passed by. The price movement of REQ shook investors up back in November when the token's price jumped to $1.1, updating 2017's ATH.

Related

As for now, REQ is trading at $0.2 and has already formed a so-called flatline bottom, which usually appears on assets that have lost the major part of their liquidity, volume and volatility and are simply moving in the rangebound with extremely low volatility.

Ethereum whales currently hold the same group of assets as they have for the last six months, which includes FTX Token, Shiba Inu and various stablecoin, like USDC. The token with the highest USD value held by whales is FTX Token with $1.5 billion worth of FTT sitting in whales' wallets.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD