New data shows that the world’s biggest Ethereum whales are loading up on a diverse array of altcoins ranging from meme coins to metaverse gaming to tokens that power crypto exchanges.
The latest numbers from WhaleStats reveal that the 1,000 wealthiest non-exchange Ethereum addresses are lapping up popular meme crypto asset Shiba Inu (SHIB). SHIB currently accounts for 7.71% of all holdings for a whopping value of over $1.7 billion.
Running a close second is FTT, the native token of the FTX cryptocurrency marketplace. FTT makes up 7.33% of Ethereum whale wallets, valued at a cool $1.6 billion at time of writing.
Next in the rankings is the USDT stablecoin, comprising just shy of 5% of whale bags and worth over $1.1 billion.
Rounding out the top five are play-to-earn (P2E) blockchain gaming platform Gala Games (GALA) and CRO, the token that powers Hong Kong-based digital asset exchange Crypto.com. The whales hold $519 million of GALA and $432 million in CRO, respectively.
Also making the list is the red-hot Ethereum scaling solution Polygon (MATIC). MATIC is up nearly 30% over the past week and currently accounts for $337 million of Ethereum whale bags.
Another virtual reality world making real-life waves is Decentraland (MANA), which at 1.16% of holdings equates to $261 million inside whale wallet bellies.
Whales have also dialed up over $207 million worth of Telcoin (TEL), whose native token TEL seeks to utilize blockchain technology within the telecommunications industry.
Last on the list is the virtual world The Sandbox (SAND), of which whales own nearly $135 million.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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