In the cryptocurrency space, “whale” is the term given to an investor holding a large amount of tokens of a particular cryptocurrency. Crypto whales are important to the cryptocurrency investment space because they can create changes in token valuation by creating a volatility in the market. If you know where the whales are “swimming” you can usually get a better idea of how the markets they are involved in might be impacted going forward. In this article, we will talk about the cryptocurrencies in the wallets of the largest meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) whales. Here are the details…
What’s in the biggest SHIB wallets?
Identifying the biggest whales in crypto can be difficult. However, some whale data services find whales with large amounts of coins in their wallets and relay information from other projects in their wallets. According to WhaleStats data, the top 100 SHIB whales have the most Ethereum (ETH) in their wallets. Currently, the whales hold 20,613 ETH, which equates to $31.6 million. On the other hand, the focus of SHIB whales seems to be on stablecoins pegged to the US dollar. The whales have $14.3 million USDC and $14 million USDT in their wallet.
Apart from these, SHIB whales hold an amount of Polygon (MATIC) equivalent to $3.1 million. After MATIC, Chainlink (LINK) for $1.8 million, Decentraland (MANA) for $1.7 million; in wallets. cryptocoin.com As we have also reported, Huobi Token (HT) and Gate Chain Token, which are coins belonging to Huobi and Gate.io exchanges, are also in the wallets of SHIB whales. The amount of HT in the wallet is 1.6 million, the amount of Gate Chain Token is around $ 1.2 million.
SHIB whales also have the popular metaverse coin SAND at their disposal. According to the data, whales have $1.3 million worth of SAND. Finally, SHIB whales have an average of 2.5 million tokens and $1.19 million Phantom (FTM) in their wallets.
What do DOGE whales get?
So what do DOGE whales have in their wallets? According to data from Whale Stats, the top 100 Dogecoin (DOGE) whales have primary LYO Credit in their wallet. The amount of the coin in the wallet in US dollars is equivalent to 639 thousand dollars. As with SHIB wallets, DOGE whale wallets contain $500,000 USDT, the stablecoin. After USDT, there is Ethereum with $424,000, 7Pixels with $377,000, and BTCB Token with $339k.
The whales also hold $209k ZEDXION, $172k FOF, $90,000 Crypto Shield, $82k NUGEN and $80,000 Everdome. As a result, the assets in DOGE whales’ wallets do not seem as familiar as those in SHIB whales’ wallets. Also, if we look at the US dollar value of the coins in the wallets, we can say that DOGE whales allocate less money to other coins.
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