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Home»Defi»Ethereum Whales Rush Into Shiba Inu (SHIB) and Several DeFi Altcoins in an Uncertain Market
whale-pounces-on-shiba.jpg
Defi

Ethereum Whales Rush Into Shiba Inu (SHIB) and Several DeFi Altcoins in an Uncertain Market

adminBy adminMarch 7, 2022No Comments2 Mins Read
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The largest extant Ethereum whale has accumulated a collection of Memecoin Shiba Inu (SHIB) and Decentralized Finance (DeFi) Altcoin.

According to blockchain tracker Whale Stats, investors over 1,000 ETH on Ethereum whales or wallets still support Dogecoin’s rival Shiba Inu.

At the time of writing, SHIB is the 10th most purchased token in the ETH whale in the last 7 days and the 3rd largest holding in the investor cohort.

ETH whales are also in favor of the DeFi sector, especially the decentralized lending system Aave, the DeFi platform Nexo, and the deep liquidity network WOO network.

According to WhaleStats, NEXO, AAVE and WOO are the 6th, 7th and 8th purchased altcoins of ETH whales in the last 7 days, respectively.

Stablecoins USD Coin (USDC) and Tether (USDT) are the two most accumulated tokens of ETH whales in the past week, followed by Ethereum itself and Binance’s BUSD. Wrapped Bitcoin (WBTC) is currently fifth on the list.

Source: WhaleStats

WhaleStats data also show that, with the exception of Ethereum, the largest dollar-valued token position among the largest ETH whales is currently the FTX Token (FTT). Whale monitoring tools reveal that well-financed investors have an average of $ 14.84 million worth of FTT.

The latest trend in whale accumulation in token accumulation is that ETH has been struggling to get out of the downtrend for months and is now changing hands at $ 2,541.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.

Featured images: Shutterstock / Andi syaputra / Long Quattro

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