One of the biggest cryptocurrency whales in the market is buying a huge amount of LINK, DOGE and these 3 altcoins regardless of the constantly falling prices.
LINK and 4 Ethereum-based altcoins become whales favorite
A huge crypto whale recently received 118,058,494,947 SHIB worth $1.34 million, according to data from blockchain tracking platform Etherscan. The biggest buy of the day comes when the SHIB price is on the decline. Whale currently has 40% of his wallet reserved for the most popular meme coin on the market.
The Shiba Inu (SHIB) started the week on a low and has lost 5% since its peak late last Sunday. It lagged behind the price action of Bitcoin and other large-volume cryptos, which fell 1% in the same period.
On whales’ radar at LINK and MATIC
The crypto whale also prefers to buy several Ethereum-based altcoins such as Polygon (MATIC) and SHIB. According to the data, the whale has so far purchased 47,177,429 MATICs worth $55 million.
Along with MATIC and SHIB, the whale is observed to have purchased a large amount of Chainlink (LINK). According to Etherscan, the crypto whale currently holds 1,989,278 LINK worth $13.72 million. Meanwhile, DeFi platform Compound (COMP) was another altcoin that the whale was holding heavily. Whale-watching platform WhaleStats shows that the whale has 178,936 COMPs worth more than $8.52 million.
Whale also spent $5.13 million on the popular decentralized exchange Uniswap (UNI). According to Etherscan, he has withdrawn 825,599 UNIs to his wallet in the said transaction. The massive Ethereum whale is holding $604.48 million in 147 different cryptocurrencies at the time of writing. Shiba Inu remains the most popular altcoin held by the top 100 Ethereum whales, apart from ETH itself and stablecoins, according to WhaleStats. The popular meme token owes the whales its interest to a series of development activities that are happening as planned this year.
Shiba Inu (SHIB) keeps big investors close with this news
Since the market slumped in 2022, the Shiba Inu team has focused on a few developments. This included having their own ecosystem tokens like Doge Killer (LEASH) and Bone ShibaSwap (BONE), which recently hit the top 100 for market capitalization and returned to 104th at press time.
It is also worth mentioning Shibarium, the upcoming second Layer-2 Blockchain of the Shiba Inu ecosystem. Shibarium’s task is to improve the SHIB write mechanism and speed up transactions on the network. This puts upward pressure on the price and creates the ideal ground for the whales’ interest.
cryptocoin.com In this article, we have included what levels machine learning algorithms expect in Shiba Inu at the end of March.
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