GRT Slides to Top 10 Purchased Tokens Amid Bearish Crypto Market -Breaking
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GRT Slides To Top 10 Purchased Coins In Bearish Crypto Market- GRT managed to make it in the Top 10 Most Purchased Tokens for the 2000 Largest ETH Whales.
- GRT, a Web3 protocol that indexes and queries blockchain data using GraphQL is called.
- GRT remains one of the 50 most popular cryptos according to CoinGecko.
WhaleStats, an ETH wallet tracker, reported that the Graph (GRT), has been one of the top 10 most purchased tokens among the 2000 largest (ETH) whales within the last 24 hours.
JUST IN: @graphprotocol $GRT Top 10 Tokens Purchased in Last 24 Hours by 2000 Largest #ETH Whales
Peep the top 100 whales here: https://t.co/R19lKnPlsK
(and hodl$BBW to view data for top 2000)#GRT #whalestats #babywhale #BBW pic.twitter.com/6DjIHKAjru
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 9, 2022
Despite bearish news all around and the cryptocurrency market chaos, GRT could see a positive today. They saw an increase of ETH holders purchasing the token. Additionally, the token also has positions in the tracker’s top trading volume, top sold tokens, and top holdings among the top 100 ETH wallets.
The sudden increase in GRT sales could be due to movements within the project such as its hackathon and partnerships with well-known platforms. In addition to this, investors may also be simply enamored with the platform’s services.
GRT is a Web3 protocol to index and query blockchain data with GraphQL. It serves the main purpose of ensuring that smart contracts that rely heavily on The Graph protocol get executed.
This aside, GRT will be launching its three-day hackathon “Graph Hack,” which will feature developers and creatives to build dapps “of the future.” Additionally, the event is sponsored by Harmony, a prominent blockchain platform. Harmony’s vouching of the event may be a testament to the technology, influencing investors.
GRT is still ranked among the top 50 cryptocurrency on CoinGecko. The market cap of GRT is almost 2 billion. It also has a trading volume of 150 million per hour. GRT is trading at an acceptable price of $.27 per cryptocurrency as of the writing of this article. Investors around the world support GRT because of its crypto price.
According to other reports, Coinbase (NASDAQ : ) sent out letters to Russian customers informing them about a possible ban on the exchange starting May 31. The exchange gave these customers an opportunity to produce documents to show that they were not under EU sanctions. If they do not, then their assets are likely to be kept in an exchange wallet.
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