The biggest Ethereum whales are on the move again. The most traded cryptocurrency was Shiba Inu (SHIB), while tokens like LINK and MANA were also on the whales list.
Whales bought 383.7 billion Shiba Inu (SHIB) overnight
As reported by WhaleStats, the largest Ethereum whales have significantly grown the amount of Shiba Inu in their wallets. Whales bought 383.7 billion SHIB last night, putting Shiba in the top spot for hodl. According to a recent tweet, the whales currently hold a total of $163,682,816 worth of Shiba Inu. There was a significant increase for the Shiba Inu in just one night. On Friday, the 2,000 largest Ethereum whales were holding a total of $158.5 million worth of SHIB. Later, they bought $5.1 million worth of SHIB in just one night. Thus, a total of 383,747,178,329 SHIBs have been added to whale wallets.
https://twitter.com/WhaleStats/status/1560929945475588096
Earlier this week, these whales sold about $33 million worth of SHIB. Thus, the value of their stashes dropped from $191.2 million to $158.5 million. Looking at the overall picture, whales hold large amounts of LINK and MANA outside of SHIB. The general view of the list is as follows.
- Shiba Inu (SHIB)
- BitDAO (BIT)
- Locus Chain (LOCUS)
- Maker (MKR)
- Chainlink (LINK)
- UniSwap (UNI)
- Decentraland (MANA)
- Bitpanda (BEST)
These altcoins are witnessing increased whale activity after recent sales
Ripple (XRP) is witnessing increased whale activity despite massive sales in the broader crypto market. The largest cryptocurrencies Bitcoin and Ethereum dropped significantly amid growing selling pressure. BTC, ETH and XRP prices have gained 8%, 9% and 6% respectively in the last 24 hours. However, it adds to the optimism regarding the XRP price rally. In summary, XRP was the only altcoin that traded in the green in the last 24 hours despite the sales in the market.
Whales optimistic about XRP price and Ripple’s future
According to Santiment, XRP whale transactions data show a huge jump in whale activity for XRP during the closing hours of August 19. The increase in whale activity and sentiment shows that whales and investors are bullish on XRP despite the massive sell-off in the crypto market. It also signals that XRP will recover before Bitcoin and altcoins.
Whale transactions hit a 3-month high, with more than 450 whales trading more than $100,000 in XRP in just 8 hours. The last time such high XRP transactions were recorded was during the Terra-led market crash on May 13.
As you follow on Kriptokoin.com, XRP was among the limited altcoins traded in the green today.
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