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Home Altcoin

Crypto Asset Overtakes Shiba Inu (SHIB) As Biggest Altcoin Holding Among Top 500 Ethereum Whales

by Crypto News
March 8, 2022
in Altcoin
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Crypto Asset Overtakes Shiba Inu (SHIB) As Biggest Altcoin Holding Among Top 500 Ethereum Whales
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The world’s richest Ethereum (ETH) whales are actually holding large quantities of 1 stablecoin and two extra altcoins, in response to the blockchain tracker WhaleStats.

The highest 500 ETH addresses on file now maintain extra of Circle’s dollar-pegged stablecoin, USD Coin (USDC), than some other asset.

The whales personal $1.64 billion price of USDC, representing 13.38% of the whales’ non-Ethereum holding.

Second on the listing is the favored meme coin Shiba Inu (SHIB). The highest 500 Ethereum whales maintain greater than $1.53 billion price of SHIB, amounting to just about 12.5% of their non-ETH holdings. Shiba Inu, the Fifteenth-ranked crypto asset by market cap, is buying and selling for $0.000023 at time of writing and is down 8% previously seven days.

The richest ETH whales’ third-largest non-Ethereum holding is FTX Token (FTT). They maintain greater than $1.52 billion price of the crypto asset, representing practically 12.4% of their non-ETH holdings.

Image
Supply: WhaleStats/Twitter

FTT is the alternate token of FTX, a cryptocurrency derivatives buying and selling platform for futures, leveraged tokens and over-the-counter buying and selling. The Twenty fifth-ranked crypto asset by market cap is buying and selling for $39.32 at time of writing, down practically 13% from the place it was priced one week in the past.

WhaleStats notes on Twitter that the highest 500 ETH addresses additionally maintain large quantities of Ethereum-scaling resolution Polygon (MATIC) in addition to metaverse tokens Decentraland (MANA), Gala (GALA) and The Sandbox (SAND).

The most important 500 Ethereum whales are additionally accumulating crypto alternate tokens together with Cronos (CRO), Bitpanda Ecosystem Token (BEST), SwissBorg (CHSB) and OKex’s utility token OKB.

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Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

Featured Picture: Shutterstock/kkssr/WindAwake

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