Dogecoin (DOGE) and Shiba Inu (SHIB) have become big names in the cryptocurrency world, largely due to their meme-inspired origins and the excitement surrounding them. So what other cryptocurrencies do the whales behind these coins have? Here is the latest Whale Stats data for coins held by DOGE and SHIB whales…
What coins do DOGE whales buy?
cryptocoin.com As we have also reported, whales are big investors in the cryptocurrency market, which is considered very important. That’s why platforms like Whale Stats provide data on whales and investors are keeping a close eye on them. In particular, it is curious what else the whales behind popular cryptocurrencies like DOGE and SHIB have in their hands.
According to recent data, Dogecoin whale wallets primarily hold LYO Credit with an average balance of 673,822 coins worth about $637,840. Tether USD is the second most popular coin with an average balance of 513,287 coins worth about $512,524. Ethereum and BTCB (Bitcoin on BSC) are in third and fourth place with average balances of 348 and 18 coins, respectively. The average USD value for Ethereum is at $441,826 and for BTCB Token at $330,120.
Additionally, Dogecoin whales hold smaller amounts of 7Pixels, ZEDXION, Bless Global Credit, NUGEN, Everdome and Crypto Shield. $300,000 7Pixels, $209k ZEDXION and around $100,000 Bless Global Credit, NUGEN, Everdome and Crypto Shield; in wallets.
What do SHIB whales have in their basket?
On the other hand, Shiba Inu whales largely hold ETH with an average balance of 19,181 coins worth around $29,671,444. USD Coin and Tether were the second and third most popular tokens, with average balances of 13,911,729 and 13,694,114 coins, worth approximately $13,925,247 and $13,707,200 respectively. MATIC and Chainlink are in fourth and fifth place with average balances of 2,672,371 and 263,111 coins, respectively. The average dollar value for MATIC was $3,323,124 and for Chainlink $1,855,535.
Also, Shiba Inu whales hold smaller amounts of Huobi Token, Decentraland (MANA), SAND, GateChainToken and Bitpanda Ecosystem Token. It is worth noting that Dogecoin whales primarily have stablecoins such as Tether USD, which offer a stable store of value to the US dollar. This indicates that these whales are more interested in protecting their wealth rather than the volatility of other cryptocurrencies. Shiba Inu whales, on the other hand, hold stablecoins and other cryptocurrencies equally, indicating a slightly higher risk appetite.
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