Today, Bitcoin and Ethereum had the opportunity to briefly retrace their psychological support levels as the cryptocurrency market rebounded slightly. At the same time, Ethereum whales are investing in several DeFi projects instead of Shiba Inu (SHIB) to protect the returns on their investment.
Whales are accumulating in these altcoins instead of Shiba Inu
According to data provided by WhaleStats, the largest wallets had a significant amount of Shiba Inu at the time of the price drop. Subsequently, Wrapped Bitcoin (WBTC) and Wrapped Ethereum (wETH) saw large purchases. A huge whale nicknamed “Saruman” has bought around $10.3 million worth of Wrapped Ethereum in multiple transactions in the past 24 hours. Apart from that, the top 3 most purchased cryptocurrencies among the top 100 Ethereum whales consisted of stablecoins. USDC, BUSD and USDT have seen buying in the following amounts today. As reported by
Kriptokoin.com, whales have also added 2951 Wrapped Bitcoins to their wallets in the last 24 hours, the equivalent of approximately $86.3 million. A whale named “BlueWhale0090” alone bought $48.7 million worth of WBTC into its wallet. Meanwhile, “Saruman” also bought 999 WBTC for $29.31 million. Other coins popular among the top 100 Ethereum whales include ETH, UMA, and TLM. The general view of the list is as follows.
- USD Coin (USDC)
- Binance USD (BUSD)
- Tether (USDT)
- Ethereum (ETH)
- 9) )UMA (UMA)
- Alien Worlds Trilium (TLM)
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The most traded small-cap altcoin
Pendle, a protocol and tokenized for tokenizing returns It offers an AMM for trading with returns and other time-decreasing assets. A typical whale token, PENDLE has been the most traded small-cap altcoin among Ethereum whales since last week.
Meanwhile, data provided by Twitter whale bot WhaleStats shows that the Frax Price Index (FPI) has reached the top 10 most purchased tokens among the 2,000 largest Ethereum whales.
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