Amid the geopolitical uncertainties that have been the subject of frequent posts on Kriptokoin.com recently, while the crypto money markets are on a fluctuating course, enormous amounts of SHIB and ETH are collected by whales, who are big crypto investors. Popular altcoin projects like Shiba Inu (SHIB) and Ethereum (ETH) are among the top altcoins bought by the top 1000 Ethereum whales.
Whale-favored altcoin projects
In the last hours, whales have been grabbing assets like Ethereum and Shiba Inu as the crypto market plummets, according to WhaleStats data. On-chain data provider WhaleStats has provided an analysis of the top 10 tokens bought by Ethereum whales in the past 24 hours. Shiba Inu and Ethereum are among those on the list alongside USDC, USDT, and BUSD stablecoins.
Multiple transactions reported involving purchase of different tokens by blockchain data tracker though, the most recent ETH transaction was that of an FTM whale worth 1,796 ETH, or $4,604,203.
Ethereum has appeared as one of the most purchased tokens in the last 24 hours Another whale bought 1,180 ETH or $3,078,715 for
Siba Inu is one of the favorites of the list
According to IntoTheBlock data, Shiba Inu whales have become more active in the last 24 hours as the number of large transactions has increased by 16%. Sudden spikes in large transactions often indicate high activity among institutional players or whales buying or selling.
The top 100 Shiba Inu owners also increased their portfolios, as WhaleStats reported a 125.74% increase in the average SHIB balance for this investor category. The average SHIB value of their portfolio also increased by 112.74%. Shiba Inu highlighted growth in the latest report. According to WhaleStats data, SHIB noted its widespread adoption as the number of owners reached 1,196,806 even though it was launched in August 2020. As highlighted in a recent report on the official Shiba Inu blog, the massive adoption of the SHIB has significantly contributed to the Shiba Inu’s price jumping by a whopping 46,000,000% in 2021.
With a solid community behind the Shiba Inu project, cryptocurrency exchanges are left with no choice but to make cryptocurrencies available for trading on their platform. SHIB is currently listed on over 100 exchanges, including Coinbase, Kraken, KuCoin, Crypto.com, Binance, and others.
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