Whale-watching bot WhaleStats is revealing which altcoins are popular purchases among Ethereum’s (ETH) top 1,000 holders.
According to the whale-surveilling bot, deep-pocketed Ethereum holders bought an average of $296,737 worth of stablecoin USD Coin (USDC) in the last 24 hours to top the list. It is followed by smart contract platform Ethereum and top stablecoin Tether (USDT) with average purchase amounts of $288,215 and $231,936, respectively.
Next are player-controlled blockchain gaming platform Gala (GALA), with an average purchase amount of $47,669, followed by decentralized finance (DeFi) protocol Yearn.finance (YFI) at $18,765.
Meanwhile, stablecoin Binance USD (BUSD), popular blockchain-based game Axie Infinity (AXS), decentralized exchange Uniswap (UNI), decentralized oracle network Chainlink (LINK) and meme crypto Shiba Inu (SHIB) all have average purchase amounts below $7,000.
Looking at the overall holdings of the top Ethereum wallets minus their ETH, one altcoin has separated itself from the rest of the pack: dog-themed meme coin Shiba Inu.
Data shows that the top 1,000 ETH wallets combined hold over $2.36 billion worth of SHIB tokens.
Coming in at second is USDT as the largest ETH whales hold over $652 million worth of Tether, while third place goes to CRO, the native token of digital assets financial services platform Crypto.com, with holdings worth more than $651 million.
Ethereum is exchanging hands at $4,330 as of writing, an 11% decrease from its 14-day high of $4,849.
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The post Top Ethereum Whales Accumulating Axie Infinity, Shiba Inu and 7 Additional Altcoins: Report appeared first on The Daily Hodl.
