Several gaming and metaverse tokens blew past the crypto market on Friday as major cryptocurrencies recovered from a recent rout.
The tokens were supported by whale buying, as well as investors looking into tokens with utility-based projects behind them.
The cryptocurrency market rose over 14% in the past 24 hours, and is now valued at $1.32 Trillion. Bitcoin also regained a crucial $30,000 level.
GALA leads recovery
Gaming tokens like GALA, ApeCoin (APE) and STEPN (GMT) have emerged as the top gainers among the biggest tokens. The total gaming token market capitalisation has jumped by a massive 42% in the 24 hours. The cumulative gaming token’s valuation stands at $14.23 Billion. Meanwhile, its 24 hour trading volume is up by 21% to stand at $11.7 Billion.
The GALA token has surged by a whopping 82% in the last 24 hours. It has come out as the biggest gainer among the top 100 cryptocurrencies at the same time. According to WhaleStats, the biggest Ethereum (ETH) whales have shown their interest in the GALA token. The token has landed in the list of the top 10 coins purchased by ETH wallets in the past 24 hours. The ETH whales are holding over $18.7 million worth of GALA tokens. Meanwhile, $4.92 million has been liquidated in the last 24 hours.
