Meme tokens manage to attract the attention of whales, the biggest investors in the market. Dogecoin whales hoard meme and metaverse coins, while Shiba Inu (SHIB) whales prefer a DeFi-focused portfolio such as UNI, LINK, and COMP.
Shiba Inu (SHIB) whales also hold these tokens
SHIB is one of the meme tokens popular with Ethereum whales. As you can follow on Kriptokoin.com, whales reserve most of their wallets for Shiba. These whales take advantage of the volatile periods of Shiba to expand their positions. Meanwhile, meme tokens aren’t the only focus of SHIB whales. According to WhaleStats data, Ethereum (ETH), Polygon (MATIC), Decentraland (MANA) and Tether (USDT) are the top 4 altcoins to fill whales’ wallets.
According to data provided by WhaleStats, SHIB whales also hold cryptocurrencies like LINK and ENJ. The following four cryptos are other altcoins owned by SHIB whales, with the largest being LINK.
Finally, SHIB whales hold about $146 and $84 worth of COMP and USDC. When we examine the wallets of Dogecoin whales, we see that the portfolios of whales are divided into more risky tokens.
What altcoins do Dogecoin whales have?
In the second part, let’s take a look at Dogecoin, the largest meme coin by market cap. Among the whales of Dogecoin, we see a stablecoin, USDY, in the first place. LYO Credit (LYO) is in the first and second place with 139 thousand dollars. Ethereum Token is in third place with $ 137 thousand, while Everdome is in fourth place with $ 115,000. Meanwhile, Everdome is a metaverse belonging to the Metahero ecosystem. Whales are dedicating large sums of funds to bumetaverse coin.
The rest of the list includes BTCB, ADA and INU. Interestingly, Dogecoin is keeping whales in large quantities of Baby Doge Coins. Baby Doge stands out as a disinflationary meme token. It is among the first in terms of market value. Specifically, Dogecoin is holding the position of whales worth $34,000.
Finally, we see the biggest Dogecoin whales buying RACA and MATIC. Powered by OKX Blockdream Ventures and Consensys Mesh’s Tachyon accelerator, RadioCaca is a web 3.0 infrastructure solution provider. It seems that Dogecoin remains popular with whales.
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