Whales are quite voracious that the meme coins in question are. Last week, we saw million-dollar purchases by whales as SHIB rallied over 50%. In this article, let’s take a look at what other altcoins SHIB and DOGE whales hold.
What other coins are the biggest Shiba Inu (SHIB) whales holding?
According to WhaleStats data, whales holding Shiba Inu also own ETH, MATIC, MANA and USDT. The table below shows the amount of cash that whales have allocated to these cryptocurrencies. According to the data, whales hold about $9.5 million in Ethereum. MATIC ranks second on the list of Shiba Inu whales with around $783,000. MANA and USDT round out the top four altcoins at $453 and $481, respectively.
Further down the list are LINK, SPELL, UNI, and ENJ. LINK ranks fifth on the list of Shiba Inu whales with $213k. SPELL, which comes right after, has a $151k dollar position. Uniswap is in seventh place with $147K. Interestingly, ENJ, a gaming-focused token, occupies a large place in whale portfolios with $143k.
The last two altcoin projects on the list are COMP and USDC. Shiba Inu whales place these 2 altcoins in the last place with investment of COMP and USDC under 150 thousand dollars.
What are Dogecoin whales doing?
USDT ranks first among Dogecoin whales. The biggest Dogecoin whales hold $200,000 worth of USDT. WETH is in second place with 183 thousand dollars. USDC, BUSD and LYO completed the first altcoin.
Next up are DOME, BTCB, ADA, WOO and BNB Coin. They fill the basket of Dogecoin whales with the following amount.
SHIB and DOGE, which one is performing better lately?
Interestingly, Dogecoin lost the $0.061 support after a tumultuous week. On the other hand, the Shiba Inu was also not much better as it lost $0.00001193. According to CoinMarketCap, SHIB has lost more than 8% since last week.
Along with the falling prices, the profitability of investors also decreased in light of the events of Friday, August 19th. According to Santiment, both DOGE and SHIB investors are holding losses. But the latter performs marginally better on the MVRV chart.
Despite the falling price, public interest in Dogecoin has increased sharply over the past few days. According to LunarCrush, Dogecoin ranked third among cryptocurrencies in terms of social interaction last week. On the same list, the Shiba Inu ranks seventh. Meanwhile, the Shiba community is excited for the launch of the upcoming Shiba Eternity game.
William Volk, one of the project leaders working on the Shiba Eternity game, has confirmed that the game will be released in September. Such a development is encouraging some positive investor sentiment. But for now, the Shiba remains in the red on its chart.
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