Whales Take Action: They’re Hunting These Altcoin Projects!

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According to the data, Ethereum investors continue to throw altcoin projects such as Shiba Inu (SHIB) and FTX Token (FTT) into their baskets. cryptocoin.com We convey the details as…

WhaleStats data: Whales focus on these altcoin projects

According to WhaleStats data, Ethereum’s huge wallet investors aka whales have added $20 million in Shiba Inu to their portfolios. During recent declines, whales have snatched the Shiba Inu. All Shiba Inu assets of Shiba Inu whales are currently valued at $1.56 billion at SHIB. Shiba Inu make up about 16.09 percent of Ethereum whales’ portfolios. Apart from Ethereum and Shiba Inu (SHIB), the top 10 holdings of whales, namely altcoins with the most investments, are as follows:

  • FTX Token (FTT)
  • USD Coin (USDC)
  • Tether (USDT)
  • OKB Token (OCD)
  • Bitfinex Ecosystem Token (BEST)
  • Crypto.com Coin (CRO)
  • Decentraland (MANA)
  • Wrapped Bitcoin (wBTC)

On the other hand, the coins that the 1,000 largest Ethereum whales by net worth have bought in the last seven days are as follows:

  • Ethereum (ETH)
  • USDC
  • USDT
  • Wrapped Ethereum (wETH)
  • Binance USD (BUSD)
  • Polygon (MATIC)
  • Gemini USD (GUSD)
  • Phantom (FTM)
  • Magic Internet Money (MIM)
  • Decentraland (MANA)

Dogecoin became the favorite of the biggest BSC whales

Meanwhile, meme coin Dogecoin (DOGE) has become one of the top 10 holdings among whales on the Binance Smart Chain at a time when the cryptocurrency market is recovering and meme coins are making a comeback. According to WhaleStats, the top 1,000 whales on Binance Smart Chain have a total of $50 million worth of cryptocurrencies inspired by a meme in their wallets.

Big Day for These 23 Altcoins: Here's What You Need to Know!

It is worth noting that DOGE circulating on the Binance Smart Chain is a tokenized version of the cryptocurrency, that is, a network-compatible version of the BEP-20 token. These tokens are generally backed by the crypto assets they represent in a 1:1 ratio. The largest cryptocurrency the whales hold in BSC has been Binance’s BNB, the network’s native cryptocurrency, which is used to pay transaction fees on it.

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