New data shows that the world’s biggest Ethereum whales are loading up on meme crypto Shiba Inu (SHIB) and two of the hottest metaverse tokens.
The latest numbers from WhaleStats are revealing the investment behavior of the 1,000 wealthiest non-exchange Ethereum addresses.
The whale-monitoring website shows that in the last 30 days, deep-pocketed crypto investors bought an average of $8.42 million worth of Ethereum (ETH), $2.89 million worth of stablecoin Tether (USDT) and $2.46 million worth FTX Token (FTT), the utility asset of crypto derivatives exchange FTX.
Next up is stablecoin USD Coin (USDC) with an average purchase amount of $1.94 million, followed by Shiba Inu and player-controlled blockchain platform Gala with average purchases worth $1.03 million and $464,228, respectively.
Wrapped Bitcoin (WBTC), which represents Bitcoin on the Ethereum network and is backed 1:1 with BTC, takes the ninth spot, and decentralized derivatives exchange Serum (SRM) rounds out the top 10 list.
Looking at the crypto trove of the largest Ethereum whales, ETH itself sits at the top with holdings worth over $166.56 million on average. Shiba Inu comes in at number two with average holdings worth $1.69 million.Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens