In the cryptocurrency market, large wallet owners, or whales, are closely followed because they have the power to guide the market. According to whale watching platform WhaleStats, whales have made some changes to their wallets in the past 24 hours. The biggest Ethereum whale has largely abandoned the popular meme coin Shiba Inu (SHIB) token. However, major wallets have added new tokens to their portfolios.
Whales sacrificed Shiba Inu (SHIB) for acquisition!
Ethereum Merge, as it approaches, is also increasing interest in the leading altcoin. In addition, Ethereum derivatives are also getting their share of this interest. Among the holdings of the 100 largest Ethereum whales, Lido Staked ETH (stETH) flipped the Shiba Inu, according to data from whale watching platform WhaleStats. Meanwhile, the largest Ethereum whale currently holds more than $321.3 million in stETH. This amount accounts for about 10% of their total assets.
On the other hand, Shiba Inu, which is among the top 100 ETH whales, fell to $ 148.4 million with the announcement of the launch of the new CCG game. Whales make up about 4.5% of their total holdings. The top 500 Ethereum whales hold around $152 million worth of SHIB tokens.
cryptocoin.com Ethereum whales have a special affinity for the popular meme con, the Shiba Inu. As we reported earlier, the top 100 Ethereum whales hold approximately $510 million worth of SHIB. Also, the top 500 ETH whales hold approximately $652 million worth of SHIB tokens. As you know, altcoins, which whales are interested in, also attract the attention of small fish. Therefore, according to experts, it is possible that the stETH accumulation of Ethereum whales will be reflected in the price increase. When we check the prices, we see that the Lido Staked ETH price has increased by more than 4% in the last 24 hours.
Whale interest worked for altcoin price!
The whale watching platform also shared that the Lido DAO (LDO) managed to make it to the list of the top 10 purchased tokens among the 100 largest Ethereum whales in the last 24 hours.
JUST IN: $ACH @AlchemyPay is back on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳
We've also got $LDO, $BAT, $BTRFLY, $cWBTC & $ANT on the list 👀
Whale leaderboard: https://t.co/N5qqsCAH8j#ACH #whalestats #babywhale #BBW pic.twitter.com/GdWte29API
— WhaleStats (tracking crypto whales) (@WhaleStats) August 11, 2022
Lido Staked ETH (stETH) is trading at an average price of $1,830 at press time. Altcoin’s 24-hour trading volume increased by 37.57% to $4,745 million. However, the price of the Shiba Inu (SHIB), which lost interest in the whale, also rose 1.23% in the last 24 hours. At press time, SHIB is trading at an average price of $0.00001243. 24-hour trading volume increased by 21% to $497 million.
