The popular meme-themed cryptocurrency Shiba Inu (SHIB) has become the most widely held altcoin among the biggest ETH investors. In addition, according to the latest data, one of the largest Ethereum whales in existence has bought a large sum from Dogecoin rival Shiba Inu. Here are the details…
The contention between SHIB and FTT continues
The demand for the Shiba Inu, which ranks 15th in terms of market ranking, is increasing day by day. First spotted by blockchain tracking service WhaleStats, the whale known as BlueWhale0073 has seized 220 billion SHIB tokens valued at over $5,781,999. WhaleStats reveals that the wallet of the whale in question is currently worth over $4,657,849,480.
While the popular memecoin SHIB remains the most sought-after altcoin among whales, many different altcoins are also appearing on the whales’ radar. One of them, FTT, the native token of the FTX crypto exchange, has been known for months as the number one holding among Ethereum whales, with the exception of ETH itself. However, at the time of writing, Shiba Inu qualifies as the number one altcoin with Ethereum whales allocating an average of 15 percent of SHIB.
What other altcoins are whales headed for?
Whales are turning to other altcoins besides the meme-themed cryptocurrency Shiba Inu (SHIB), according to WhaleStats data. Other recent transactions by whales include MKR, the services and governance token of decentralized lending platform Maker, the token powering indexing protocol The Graph, as well as decentralized exchange Uniswap (UNI) and metaverse platform Decentraland (MANA). ) are included for tokens.
According to WhaleStats, whose data we follow closely as Cryptokoin.com, 1,799 MKR transactions worth 3,548,566 dollars were made by Tom Riddle. In addition, Bluewhale0088 handled 6,000,000 GRT worth $2,210,106 and 200,000 UNIs worth $1,950,002, while Bluewhale 0079 handled 4,300,000 MANA transactions worth $9,202,000.
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