After Accumulating $881,000,000 in Shiba Inu and Polygon, Whales Are Now Targeting Two Ethereum-Based Altcoins

After gobbling up practically $900 million value of Shiba Inu (SHIB) and Polygon (MATIC), crypto whales now have their eyes on two different altcoins working on the Ethereum (ETH) blockchain.

Blockchain-tracking service WhaleStats reveals that the biggest 1,000 Ethereum whales have collected greater than $671 million value of SHIB and $210 million value of MATIC.

Supply: WhaleStats

In accordance with WhaleStats, SHIB stays the highest altcoin holding among the many investor cohort, excluding ETH itself and the stablecoins Tether (USDT) and USD Coin (USDC), with MATIC simply behind the Dogecoin (DOGE) rival.

After MATIC, the biggest 1,000 Ethereum whales are feasting on Lido Staked Ether (stETH), a liquid staking derivatives token on Lido Finance that may be exchanged to Ethereum on a 1:1 foundation. WhaleStats reveals that Ethereum whales maintain $174,821 value of stETH on common.

Decentralized oracle community Chainlink (LINK) follows stETH, with the biggest 1,000 ETH whales proudly owning $158,393 value of LINK on common.

Supply: WhaleStats

WhaleStats additionally reports a surge in LINK whale accumulation in a one-day interval.

“JUST IN: LINK now on high 10 bought tokens amongst 1,000 greatest ETH whales within the final 24 hours.”

At time of writing, LINK is buying and selling for $8.05, up over 4% previously day.

Information from WhaleStats additionally reveals that the Ethereum whales presently maintain greater than $1.76 billion value of stablecoins USDT and USDC, taking over over 30% of their crypto portfolio. The sizeable allocation to stablecoins means that Ethereum whales are being cautious after marketwide rallies this 12 months.

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