Data from whale watching platform WhaleStats shows that the Shiba Inu (SHIB) is still a favorite investment vehicle for Ethereum whales. In whale wallets, Maker (MKR) comes after SHIB. Meanwhile, BNB whales have traded less aggressive stablecoins than in previous weeks. Ripple (XRP) has gained over 8.2% in the last seven days, while other coins have lost value.
Ethereum whales accumulating MKR and SHIB
Shiba Inu (SHIB), a meme coin, remains one of the preferred investment vehicles of crypto whales, according to data from WhaleStats, a tracker of key crypto investors. The top 500 crypto whales have an average of more than $76 million in SHIB as of November 20.
Remarkably, SHIB price has lost only 1.42% in the last 24 hours. It also saw a 2.86% drop in the previous seven days. SHIB is still trading at $0.000009004, well below a penny. However, major investors continue to accumulate the meme coin. Meanwhile, Maker (MKR) is in the whales’ wallets just behind SHIB. Whales have approximately $55 million worth of Maker (MKR).
WhaleStats also tracks other actions by key investors, including the most popular trading currencies, the most popular tokens they hold, the most valuable token positions, and the most popular smart contracts. Interestingly, in the last 24 hours, whales on the Ethereum network (ETH) have used the USDC stablecoin smart contract much more than ETH by 54%.
Meanwhile, the top 100 whales on the BNB Blockchain are mostly traded in stablecoins. Top picks include USDC, BSC-USD and BUSD. However, trading volumes are less aggressive than in previous weeks.
Ripple diverged from the top of the market
cryptocoin.comAs you follow, the collapse of FTX sent the market into a bleeding pattern for several weeks. FTX was the second largest cryptocurrency exchange in the market. That’s why it had a huge impact. Leading crypto Bitcoin briefly touched $15,000, its two-year low. However, it recovered a bit later and is now trading around the $16,500 levels.
Also, Polygon (MATIC) has the lowest seven-day performance among the top 10 cryptocurrencies. It lost about 7.31% of its MATIC value. The altcoin is currently trading at $0.8288. On the other hand, Ripple (XRP) has gained over 9.5% in the last seven days. Thus, it differentiated from other coins at the top of the market.
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