Whales make up a large part of the cryptocurrency ecosystem, due to the size of the coins they hold. For this reason, the movements of whales attract the attention of users. In this article, we will first share the latest purchases of Ethereum (ETH) whales, the second largest cryptocurrency. Next, we will talk about the movements of the whales of the popular meme coin Shiba Inu (SHIB). Here are the details…
What is the focus of Ethereum whales?
Whale Stats, the platform that analyzes and shares the on-chain movements of whales, has announced the cryptocurrencies held by Ethereum whales. According to the data, whales have the most ETH in their hands. The 100 largest ETH whales hold 15,915 ETH, which equates to approximately $24.8 million. Next come the stablecoins Tether (USDT) and USD Coin (USDC).
While the dollar equivalent of USDT in the hands of whales is $6.4 million, this amount is $6.25 million in USDC. Apart from that, whales hold stETH, which represents staked Ethereums and is mined by Lido (LDO). Next comes SHIB with $1.4 million tokens. You can see the full list as follows:
- ETH
- USDT
- USDC
- stETH
- SHIB
- BIT
- WBTC
- LOCUS
- DAI
- MKR
What do SHIB whales have in their wallet?
Looking at the assets in the wallet of Shiba Inu (SHIB) whales after ETH whales, Ethereum stands out here as well. According to the data, SHIB whales have $7.8 million worth of Ethereum in their portfolio. Apart from that, there is Polygon (MATIC) worth 700,000 dollars. Decentraland (MANA) is in third place with 467 thousand dollars.
Similar to the investment of ETH whales, there are 386,412 Tether (USDT) at SHIB whale addresses. Tether is a stablecoin with 1:1 pegged to the US dollar, as we have also reported on Kriptokoin.com. In fifth place is Chainlink (LINK). It is followed by Compound (COMP), Spell Token, Enjin Coin (ENJ), Uniswap (UNI), USD Coin (USDC).
What is the latest situation in the market?
Bitcoin (BTC) traded below $20,000 as commodities plummeted on news of the G7 Russian energy ban. The data showed the lackluster BTC/USD pair, which was trading around $19,800. As the weekend began, the biggest cryptocurrency was unable to turn $20,000 into solid support. The mood among market participants was tired.
US stocks closed a rough week, the S&P 500 fell 2.7 percent and the Nasdaq Composite Index fell 3.25 percent, respectively. Meanwhile, the lack of market presence for Bitcoin bulls is starting to show itself. Bitcoin’s share of the total cryptocurrency market cap was at its lowest in nearly four years as of Sept. Bitcoin dominance has dropped to 39 percent, the weakest level since June 2018, according to CoinMarketCap.
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