Global inflation, energy crisis, Terra Luna crash… these are just some of the factors that contributed to this ongoing crypto winter being the most severe one yet for crypto traders.
There have been some huge losses during the year, with some investors even losing millions overnight.
But, while this scenario is a nightmare for amateur traders, there's one group that knows how to make the most of it – crypto whales.
For crypto whales, bear markets present the perfect opportunity to capture quality assets for a fraction of what they'll be worth once the market gets warmer.
Although tracking whale trading activities is very complex, certain platforms have dug up some information on where have whales invested in 2022.
Let's check out the details.
While researching where have whales invested in 2022, there have been only a few tokens that showed up on every list.
Here's a quick outline of them:
Now, time to take a closer look at where have whales invested in 2022 and analyze each token separately.
Tamadoge has been on the radar for crypto whales for quite some time now due to its potential to eventually dethrone DOGE and SHIBA as the leading meme coin.
Just a few days ago, the presale for TAMA tokens was successfully concluded with more than $19 million raised in funding.
This only shows that even amidst a severe bear market, investors are on the lookout for quality tokens to add to their portfolios.
Interestingly, there is a report that one crypto whale bought 55.8 ETH worth of TAMA tokens on Sunday, which further proves the sentiment of crypto whales being interested in this meme coin.
Tamadoge (TAMA) is a meme cryptocurrency that connects investors with the platform's official Metaverse – the Tamaverse.
Within the Tamaverse, users can play a P2E game, mint NFTs, communicate with each other, and more.
Compared to the rest of the meme coin market, Tamadoge has one huge advantage on its side – it has real-world utility.
The P2E game is very similar to the 90s Tamagochi – players take care of digital pets, buy them food and accessories, and train them for battles.
Those who win the most battles or complete the most missions each month receive prizes from the in-game Dogepool.
Another thing that indicates huge gains for Tamadoge is that the meme coin will be listed on several major CEXs once it goes viral, with LBank being the first one to confirm the news.
A few months ago, Tamadoge was KYC-verified by CoinSniper and audited by SolidProof for smart contracts, which means there's no "rug pull" danger associated with the project.
With its advanced tokenomics, robust features, Metaverse and NFT technology, and real-world utility, it's no surprise that crypto whales are lining up to get a piece of the Tamadoge action.
Lucky Block is a decentralized crypto game with an NFT Competitions platform hosted on the Binance Smart Chain (BSC).
The project is powered by LBLOCK (native utility token) and it's the fastest crypto in the world to reach a $1 billion market cap.
Within the platform, users can participate in the daily and weekly prize draws and get a chance to win luxurious prizes like VIP tickets to the FIFA world cup, a Lamborghini, a $1 million house, and more.
The only participation requirement is 5 tickets per user, with one ticket priced at just $1.
To ensure that all draws are fully transparent and fair, Lucky Block utilizes smart contracts and blockchain technology.
Lucky Block is no stranger to success seeing that its native token (LBLOCK) already made headlines at the start of the year when it brought a 1,100% price increase in less than two weeks.
In July, the token saw another 400% increase and is currently trading at the price of $0.00035 per token.
A few months ago, the platform released an LBLOCK V2 token upgrade that enabled Lucky Block to be listed on major CEXs.
So far, the project has landed LBank, MEXC, and Gate.io, with more CEXs coming soon.
With a solid roadmap and exciting features yet to be released, crypto whales are showing their support for Lucky Block and are eager to see how profitable it will be.
The next asset on our list is Battle Infinity, the most advanced fantasy sports game in the industry.
Battle Infinity is a crypto gaming ecosystem that utilizes NFTs, Metaverse, and DeFi elements, all in one platform.
The project was built on the Binance Smart Chain (BSC) and the native governance token is IBAT, which also serves as the ecosystem's primary currency for all platform activities like transactions, staking, trading, and more.
One of Battle Infinity's main features is the in-game Metaverse called the Battle Arena, in which players can customize their own avatars and indulge in different activities.
This cryptocurrency is just next in line when it comes to Indian-developed projects and its main goal is global recognition – just like its compatriot Polygon MATIC.
Before the crypto even went viral, players were already calling it the next Axie Infinity due to the interesting similarities.
There are five main products in the Battle Arena, including the Battle Swap, Battle Market, Battle Stake, Battle Store, and the IBAT Premier League.
The IBAT Premier League is the main product – it's a fantasy sports game that incorporates NFT and blockchain technology (first of its kind).
Some of the included sports are football, basketball, and cricket, with more coming out soon.
Since a lot of investors missed out on getting in early on the presale, the founders listed the coin on PancakeSwap on the 17th of August to give them one more chance. Notably, the price increased by more than 700% since then and is still going strong.
Battle Infinity isn't just another "rug pull" project and the platform was KYC'd by CoinSniper and audited by SolidProof.
The project is currently listed on PancakeSwap and LBank, with more CEXs coming towards the end of 2022.
With the long-anticipated Merge finally being released a few days ago, crypto whales are increasingly stocking up on ETH tokens in hope of long-term growth.
Launched in 2015 and being the most advanced smart contract platform in the world, Ethereum doesn't really need much of a formal introduction.
There are more than 500,000 DApps developed on its network so far, which is much more compared to any of its competitors.
Even though the Merge was officially released on September 15th, it will take some time until we grasp the full effect it has on the network.
Until then, crypto whales will be piling up their portfolios with Ethereum.
If you wanted to know where have whales invested in 2022, this article provided you with the exact cryptocurrencies they've been buying.
Even though crypto volatility is at an all-time high, tokens like Tamadoge, Lucky Block, Battle Infinity, and Ethereum show great promise that they'll come out of the bear market unscathed.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.