The biggest Ethereum whales in existence are accumulating meme coin Shiba Inu (SHIB) and a set of decentralized finance (DeFi) altcoins.
In keeping with blockchain tracker WhaleStats, Ethereum whales, or traders with not less than 1,000 ETH of their wallets, are nonetheless favoring Dogecoin competitor Shiba Inu.
At time of writing, SHIB is the tenth most bought token amongst ETH whales within the final seven days and the third greatest holding among the many investor cohort.
ETH whales are additionally taking a liking to the DeFi sector, significantly decentralized lending system Aave, DeFi platform Nexo, and deep liquidity community WOO Community.
Stablecoins USD Coin (USDC) and Tether (USDT) are the 2 most gathered tokens amongst ETH whales over the previous week, adopted by Ethereum itself and Binance’s BUSD. Wrapped Bitcoin (WBTC) is at present quantity 5 on the checklist.
WhaleStats’ information additionally reveals that excluding Ethereum, the most important token place by greenback worth among the many largest ETH whales is at present FTX Token (FTT). The whale-monitoring software reveals that the deep-pocketed traders maintain $14.84 million value of FTT on common.
The whales’ newest development in token accumulation comes as ETH struggles to snap out of a multi-month downtrend, at present altering fingers at $2,541.
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