By examining the movements of the largest whales on many different chains, WhaleStats cited the latest altcoin projects in the focus of traders. Among these altcoins are popular cryptocurrencies such as SHIB and UNI. Here are the details…
Whales focus on SHIB and these
According to the list published by WhaleStats based on the wallets of the top 100 Ethereum whales, large investors have recently received the most USDC. According to the data, the whales added $561k USDC to their wallets. As we have also reported as Kriptokoin.com, USDC is a stablecoin pegged to the US dollar. After USDC, the whales have 113 thousand dollars USDT in their wallet. Third, the whales hold $27,530 Chainlink (LINK). This is equivalent to 3,373 LINK.
On the other hand, wrapped Bitcoin (WBTC) is the focus of whales. WBTC is Bitcoin on the Ethereum network. Wrapped Bitcoin is the innovation that effectively brings BTC to the Ethereum Blockchain. One of the main use cases for WBTC lies in decentralized finance. Apart from that, MATIC, a cryptocurrency launched to connect and grow Ethereum-compatible projects and Blockchains, wETH, the ERC-20 version of Ethereum, Curve.fi, a blockchain-based decentralized exchange that uses an automated market maker. Curve DAO (CRV), the Ethereum-based coin powering its ecosystem; there were coins bought by whales.
Also, the second largest meme coin by market cap, Shiba Inu (SHIB), decentralized exchange (DEX) Uniswap’s coin UNI is in the focus of whales. Uniswap is a decentralized protocol that allows users to buy and sell their Ethereum. The protocol is powered by the Ethereum Blockchain and allows anyone to create a market for any ERC20 token. Uniswap was released in November 2018 and has become one of the most popular protocols on the Ethereum network. Finally, GALA (GALA), a blockchain-based gaming platform with a play-to-earn mechanism that rewards players with crypto assets for in-game achievements; It is among the coins that whales have bought recently.
Whales also get these coins
Recent data from Santiment showed that whale and shark addresses are also holding their ETH firmly. The chart shows that whale and shark addresses holding 100-100,000 ETH hold about 47 percent of the entire ETH supply. Also, the absence of a sell-off after the most recent price increase indicated that investors were expecting further price increases. Additionally, an examination of the supply held by the top addresses revealed that the top addresses were in the accumulation phase. For most of January, the chart was rising, showing the amount held by the top addresses as a proportion of the overall Ethereum supply. It’s stabilized now, but at the time of writing it was at 123.
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