The top 1000 over-the-counter Ethereum (ETH) whales seem to have a consensus on which altcoins they prefer.
According to data from crypto whale tracking platform WhaleStats, the popular meme coin Shiba Inu (SHIB) and five other cryptocurrencies account for more than 50 percent of the largest Ethereum addresses, non-ETH assets.
The top 1,000 ETH wallets currently hold more than $1.72 billion in SHIB, which at the time of writing on its own account for 14.76 percent of their non-ETH holdings.
Same addresses, worth more than $1.53 billion FTT exists. FTT, FTX It functions as the native token of the crypto derivatives exchange. This figure currently accounts for 13.18 percent of whales’ non-ETH holdings. FTT, the 36th largest crypto asset by market cap, is trading at $40.80 at the time of writing.
The largest ETH wallets also hold a stablecoin pegged to the US dollar. in Tether (USDT) It holds more than $1.04 billion, which makes up 8.93 percent of the whales’ non-ETH holdings.
stablecoin pegged to another dollar USD Coin (USDC)is listed as the fourth-largest holding of whales among non-Ethereum holdings. The largest ETH wallets have more than $675.8 million invested in USDC, which accounts for 5.79 percent of their non-ETH holdings.
Wallets are also OKEx Blockchain Foundation a cryptocurrency issued by OCDIt has an investment of more than 560.6 million dollars in . The OKB utility token allows traders on the OKEx crypto exchange to pay fees, earn interest, and participate in new digital asset projects, currently trading at $28.44.
It is the sixth largest holding of the top 1000 ETH addresses. Gala (GALA) token. Ethereum whales have an investment of $534 million in GALA, which is currently trading at $0.43. GALA is used as a medium of exchange and a means of payment for the Gala gaming platform.
Taken together, these six tokens represent over 52 percent of the non-ETH holdings of the top 1,000 Ethereum wallets.
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.