2.7 C
New York
January 17, 2022
Alt Coin

Shiba Inu (SHIB) and Several Additional Altcoins Now Make Up Over Half of Ethereum Whale Holdings

The high 1,000 non-exchange Ethereum (ETH) whales appear to have a consensus about which altcoins they like the perfect.

Data from the crypto tracker WhaleStats signifies the favored meme coin Shiba Inu (SHIB) and 5 different cryptocurrencies make up greater than 50% of the non-ETH holdings of the biggest Ethereum addresses.

The high 1,000 ETH wallets at the moment maintain greater than $1.72 billion value of SHIB, making up 14.76% of their non-ETH holdings at time of writing.

Those similar addresses additionally maintain greater than $1.53 billion value of FTT, the native token of the FTX cryptocurrency market. The determine at the moment makes up 13.18% of non-ETH whale holdings. FTT, the Thirty fifth-largest crypto asset by market cap, is buying and selling at $39.56 at time of writing.

The largest ETH wallets additionally maintain greater than $1.04 billion value of the stablecoin Tether (USDT), which is pegged to the US greenback, representing 8.93% of their non-ETH holdings.

The fourth-largest non-Ethereum holding is one other dollar-pegged stablecoin, the USD Coin (USDC). The largest ETH wallets maintain greater than $675.8 million value of USDC, representing 5.79% of their non-ETH holdings.

The wallets additionally maintain greater than $560.6 million value of OKB, a cryptocurrency issued by OKEx Blockchain Foundation. The OKB utility token permits merchants on the crypto change OKEx to pay for charges, earn curiosity and take part in new digital asset tasks and is at the moment buying and selling at $28.32.

The high 1,000 ETH addresses’ sixth-largest non-ETH holding is the Gala token (GALA). Ethereum whales personal greater than $534 million value of GALA, which is at the moment buying and selling at $0.43. GALA is used as a medium of change and as a method of cost for the Gala gaming platform.

Taken collectively, these six tokens symbolize greater than 52% of the highest 1,000 Ethereum wallets’ non-ETH holdings.

Source: WhaleStats

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in online marketing.

Featured Image: Shutterstock/thatkasem14/Fotomay/karnoff

Related posts

Axie Infinity, Monero and Four Additional Altcoins Looking Ripe for Breakouts: Crypto Analytics Firm

Crypto Advisor

New Ethereum-Based Altcoin Skyrockets a Staggering 2,191% in Just One Day

Crypto Advisor

New Ethereum Competitor Surpasses $2,000,000,000 Market Cap As Layer-1 Altcoins Show Strength

Crypto Advisor

Leave a Comment