have large investments Ethereum whales In these days when uncertain market conditions continue, many decentralized finance (DeFi) altcoins continue to accumulate, especially the meme coin Shiba Inu (SHIB).
According to blockchain tracking site WhaleStats, Ethereum whales or investments in wallets with at least 1000 ETH continue to favor Shiba Inu over Dogecoin. At the time of writing, SHIB is the 10th most bought token among Ethereum whales in the past seven days and the third largest token held overall.
ETH whales, especially decentralized lending system aaveIt also seems to be keeping a close eye on DeFi altcoins, including DeFi platform Nexo and deep liquidity network WOO Network.
According to WhaleStats, NEXO, AAVE and WOO are the sixth, seventh and eighth most bought altcoins, respectively, among ETH whales in the past seven days.
The stablecoins USD Coin (USDC) and Tether (USDT), the two most-accumulated tokens among ETH whales last week, followed by Ethereum itself and Binance’s BUSD. Wrapped Bitcoin (WBTC) currently ranks fifth on the list.
Data from WhaleStats also revealed that the largest token position by dollar value among the largest ETH whales, excluding Ethereum, is currently the FTX Token (FTT). The whale watching platform revealed that major investors have an average of $14.84 million worth of FTT.
The whales’ latest trend in token accumulation comes as ETH struggles to exit a multi-month downtrend that is currently changing hands at $2,541.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.