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The leading 1,000 non-exchange Ethereum (ETH) whales appear to have an agreement about which altcoins they like the very best.
Data from the crypto tracker Whale Stats suggests the popular meme coin Shiba Inu (SHIB) and 5 other cryptocurrencies comprise more than 50% of the non-ETH holdings of the biggest Ethereum addresses.
The leading 1,000 ETH wallets presently hold more than $1.72 billion worth of SHIB, comprising 14.76% of their non-ETH holdings sometimes of composing.
Those exact same addresses likewise hold more than $1.53 billion worth of FTT, the native token of the FTX cryptocurrency market. The figure presently comprises 13.18% of non-ETH whale holdings. FTT, the 35th-largest crypto possession by market cap, is trading at $39.56 sometimes of composing.
The biggest ETH wallets likewise hold more than $1.04 billion worth of the stablecoin Tether (USDT), which is pegged to the United States dollar, representing 8.93% of their non-ETH holdings.
The fourth-largest non-Ethereum holding is another dollar-pegged stablecoin, the USD Coin (USDC). The most significant ETH wallets hold more than $675.8 million worth of USDC, representing 5.79% of their non-ETH holdings.
The wallets likewise hold more than $560.6 million worth of OKB, a cryptocurrency provided by OKExBlockchain Foundation The OKB energy token enables traders on the crypto exchange OKEx to spend for charges, make interest and take part in brand-new digital possession tasks and is presently trading at $28.32.
The leading 1,000 ETH addresses’ sixth-largest non-ETH holding is the Gala token (GALA). Ethereum whales own more than $534 million worth of GALA, which is presently trading at $0.43. GALA is utilized as a cash and as a method of payment for the Gala video gaming platform.
Taken together, these 6 tokens represent more than 52% of the leading 1,000 Ethereum wallets’ non-ETH holdings.
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Featured Image: Shutterstock/ thatkasem14/Fotomay/ karnoff
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