The crypto market is growing at a slow pace as most coins are trading in the green today. Bitcoin is on the verge of reaching major resistance at $ 50,000 and most of the top alts are regaining losses as well. Even coins are also doing well, while SHIB and DOGE are on the rise.
Data from the Ethereum blockchain shows that the network’s largest whales have racked up a number of altcoins amid the recent decline in the crypto market.
Accumulation of whales
The world’s best Ethereum whales source their crypto meme Shiba Inu (SHIB) and two of the hottest metaverse tokens, new research shows.
The investment behavior of the richest 1,000 Ethereum non-exchange addresses is revealed in the latest figures from WhaleStats.
According to the Whale Watching website.
The stable USD Coin (USDC) comes in second, with an average buy of $ 1.94 million, followed by Shiba Inu and the player-controlled blockchain platform Gala, with 1.03 million respectively. dollars and $ 464,228 in average purchases.
Binance’s stable coin, Binance USD (BUSD) is ranked seventh, while virtual reality platform Decentraland (MANA) is ranked eighth with an average purchase amount of $ 158,455.
Wrapped Bitcoin (WBTC), which is backed 1: 1 with BTC and represents Bitcoin on the Ethereum network, is ranked ninth, while Decentralized Derivatives Exchange Serum (SRM) rounds out the top ten.
When it comes to crypto treasures from Ethereum’s largest whales, ETH is at the top, with average holdings of nearly $ 166.56 million. The Shiba Inu is ranked second, with an average value of $ 1.69 million.