As the market trades in the red, new data shows that whales on the Ethereum Network (ETH) keep big positions on meme cryptocurrencies. Recent data from WhaleStats, a website that tracks whales, shows that Shiba Inu (SHIB) is the largest ETH whale in the top 1000 in the last 24 hours.
JUST IN: $SHIB @Shibtoken is now one of the top ten largest #ETH whales in terms of trading volume in the last 24 hours.Check out the Whales 1Whalesles: https://t.co/jFn1zIOXPB (Hold on to $BBW to get information about the top 1000!) #SHIB #babywhale #whalestats #BBW pic.twitter.com/SjDNrLkNIi
— WhaleStats (@WhaleStats) (which keeps track of crypto whales): October 12, 2022
First on the list, as expected, is ETH. Each whale holds an average of 16,396 units of Ether, which is worth $21,343,337. Next, come USDC and USDT, which are the two most popular stablecoins. Notably, ETH whales own an average of more than 122 billion MEME tokens.
WhaleStats also keeps track of other information from these big investors, such as the most traded volume, the most sold tokens, and the most used smart contracts. SHIB is among the top 10 in all of these categories. Lido Staked Ethereum (teeth), Wrapped Bitcoin (WBTC), FTX token, Uniswap token (UNI), Shushi, and more are also on the list.
At the moment, STETH is the most valuable token besides Ethereum in terms of dollars, and each whale holds more than $1.2 million worth of it.
Whales on the Binance Chain are aggressively competing with ETH whales, which is an interesting fact. In the last 24 hours, on average, BSC Whales held more than $4 million in BNB and $3.5 million in BUSD. Also, the LYO Credit Token (LYO) is the coin with the most value in dollars, while ETH is the token that is held by the most people.
The post The Average Ethereum Whale Holds 122 Billion Shiba Inu Units appeared first on Coin Edition.
