The world’s wealthiest Ethereum (ETH) whales are presently stocking enormous quantities of one stablecoin and two other altcoins, according to blockchain tracker WhaleStats. More USD Coins (USDC), Circle’s dollar-pegged stablecoin, are now held by the top 500 Ethereum addresses than any other asset. USDC is worth $1.64 billion to the whales, accounting for 13.38 percent of their non-Ethereum holdings.
ETH Whales Hoard Shiba-inu!
Shiba Inu (SHIB), a popular meme currency, comes in second. SHIB accounts for roughly 12.5 percent of the non-ETH assets of the top 500 Ethereum whales, totaling more than $1.53 billion. Shiba Inu, the 15th most valuable crypto asset by market capitalization, is currently selling at $0.000023, up 1% in the last 24 hours.
In other news, the Shiba Inu token has reclaimed first place as the market’s largest USD-valued holding on whale addresses. At press time, SHIB’s entire assets were valued at $1.6 billion, while FTT’s were valued at $1.4 billion.
The tokens are not surging up or demonstrating any form of positive volatility movement, according to Shiba Inu’s TradingView chart, indicating that the increase in the holding’s value is solely due to whale buying.
Also Read AltSeason 2022 Around the Corner, These Altcoins May Surge Marking New Highs Soon!
FTX Token is the third-largest non-Ethereum holding of the wealthiest ETH whales (FTT). They have $1.52 billion in crypto assets, accounting for over 12.4 percent of their non-ETH holdings.
FTT is the cryptocurrency derivatives trading platform FTX’s exchange token for futures, leveraged tokens, and over-the-counter trading. At the time of writing, the 25th-ranked cryptocurrency by market size is selling for $39.
The top 500 Ethereum addresses also own huge quantities of Ethereum-scaling solution Polygon (MATIC), as well as metaverse tokens Decentraland (MANA), Gala (GALA), and The Sandbox, according to WhaleStats on Twitter (SAND).
Cronos (CRO), Bitpanda Ecosystem Token (BEST), SwissBorg (CHSB), and OKex’s utility token OKB are among the top 500 Ethereum whales amassing crypto exchange tokens.
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