The second largest meme coin by market cap, Shiba Inu (SHIB) is one of the largest token positions of Ethereum whales in dollar terms. According to data provided by WhaleStats, the top 100 ETH whales are accumulating these altcoins alongside Shiba.
Here are the other coins accumulated by SHIB whales
Shiba Inu (SHIB), in total, are kept in 1,167,231 separate wallets. The top 100 Ethereum whales are accumulating a number of other altcoins, notably Ethereum (ETH), USD Coin (USDC), and Binance USD (BUSD), apart from Shiba.
The largest stablecoin by market capitalization, Tether (USDT), is fourth on the list with over $3 million USD position. Next up are Crypto.com’s native cryptocurrency CRO and Polygon’s MATIC.
It seems that the top 100 Ethereum whales are related to exchange tokens. The local cryptocurrencies of Bitpand and OKEx cryptocurrency exchanges are BEST and OKB, at the 7th and 8th places of the list. Ethereum-based metaverse project Decentraland MANA is the largest metaverse coin on the list with approximately $1.6 million.
In last place is the BAYC-backed metaverse coin Apecoin (APE). As Kriptokoin.com , Apecoin has been at the top of the best-buy list for weeks after its launch for a long time.
Whales buy these DeFi altcoin projects as the market drops
In the second part, the cryptocurrency market continues to fluctuate Let’s take a look at which DeFi altcoins ETH whales are accumulating. According to WhaleStats data, a whale named “Saruman” has bought around $10.3 million worth of Ethereum in multiple transactions in the past 24 hours. However, the whale, which received 1,321 wETH for $2.6 million, is also the largest transaction recorded.
🐳 ETH whale "Saruman" just bought 1,071 $weth ($2,116,041 USD).
Ranked #380 on WhaleStats: https://t.co/UzpDGGKbgx
Transaction: https://t.co/rRZaXFf3cT#WETH #ERC20 #DEFI #ETH #whalestats #babywhale #BBW
— WhaleStats (tracking crypto whales) (@WhaleStats) May 21, 2022
For working on smart contracts to facilitate transactions between users, Dapps’ WETH is required to trade ETH for other ERC-20 tokens in the . Our investigation shows that “Saruman” holds $32.7 million worth of wrapped Ethereum in his wallet. ETH has been trading at an average price of 1971 dollars in the last 24 hours.
