As Bitcoin rallies above $21,000, some whales are accumulating again on the Shiba Inu. Apart from SHIB, CRV and FTM have had other altcoin projects that attracted whales. In this article, let’s take a look at what coins Ethereum whales have been buying in the last 24 hours.
Top-bought altcoin projects by Ethereum whales in the last 24 hours
Circle’s stablecoin, USDC, has doubled its market share following the stablecoin crisis in recent months. It seems that whales continue to prefer USDC for DeFi transactions. Today, the 100 largest Ethereum whales have bought around $600,000 worth of USDC. However, Ethereum (ETH) is in second place with $518k. The stablecoin of the Binance network, BUSD, is in third place at $335,000. The top 3 names on the top buy list are usually USDT, USDC and BUSD. But it seems whales are starting to use USDC more and more.
Interestingly, we see Serum (SRM) fourth on the list. Ethereum whales have purchased $18,000 worth of SRM in the last 24 hours. Other notable transactions include SNX, REN, FTT, and MATIC. These coins, which had an average purchase of less than $5,000, are currently on the rise. The general view of the list is as follows.
- USD Coin (USDC)
- Ethereum (ETH)
- Binance USD (BUSD)
- Serum (SRM)
- Tether (USDT)
- Wootrade Network (WOO)
- Synthetix Network Token (SNX)
- Republic (REN)
- FTX Token (FTT)
- Polygon (MATIC)
Ethereum whale named “Gimli” bought 1 trillion SHIB
Shiba Inu (SHIB) has recently announced some of its upcoming projects and updates to strengthen its ecosystem. In response to the statement, Ethereum (ETH) whales caused massive accumulation of SHIB tokens.
According to Whalestats, an ETH whale wallet called “Gimli” has gone on a massive buying spree. Bought 1 trillion Shiba Inu in multiple transactions in the last 24 hours. The entire savings is worth approximately $11.34 million.
By the way, according to the data, the largest transaction recorded by “Gimli” was the purchase of 250 billion SHIB tokens. This acquisition cost him approximately $2.86 million. This move has brought Shiba Inu into the top 10 token tally among the 2,000 largest Ethereum whales by transaction volume in the past 24 hours. However, this accumulation did not help the price of the SHIB token move much.
As we have covered in the cryptokoin.com analysis, SHIB has recorded a price increase of over 2% in the last 24 hours. The second largest meme coin in the world is trading around $0.000011 at the time of writing.
The most traded altcoin projects by whales
Finally, let’s take a look at the projects that Ethereum whales trade the most. USDC tops the list with over $1.3 million in trades.
The general view of the list is as follows.
- USDC
- ETH
- BUSD
- USDT
- CRV
- WBTC
- SRM
- SHIB
- MATIC
- WOO
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