The largest crypto investors on the Binance Smart Chain (BSC) ecosystem are holding massive amounts of two Ethereum (ETH) rivals, according to a whale-watching website.
New data from WhaleStats analyzes the accumulating behavior of the 1,000 largest BSC addresses excluding known crypto exchanges.
The whale-monitoring platform puts together a list of the top 10 holdings of BSC whales by tracking the tokens that have the greatest US dollar value among the investor group.
WhaleStats shows that BSC whales have amassed $3.21 million worth of Binance Coin (BNB) on average to lead all digital assets. BNB is the native utility token of global crypto exchange Binance.
Coming in at number two is the BTCB token, a crypto asset wrapped and pegged by Binance on a 1:1 ratio to Bitcoin (BTC). WhaleStats reveals that BSC whales own $814,181 worth of BTCB tokens on average.
Taking the third spot is Ethereum (ETH) with an average amount held worth $540,177.
Next up are Ethereum challengers Polygon (MATIC) and Avalanche (AVAX), ranking fourth and fifth with BSC whales accumulating $417,439 worth of MATIC and $395,926 worth of AVAX on average.
Grabbing the sixth slot is stablecoin USD Coin (USDC), followed by Frax Share (FXS). FXS is used as a store of value and in the governance of the Frax protocol. WhaleStats shows that BSC whales own $325,601 worth of FXS tokens on average.
Stablecoin True USD (TUSD) comes in at number eight, followed by Venus ETH (vETH), a portable vToken issued by decentralized finance platform Venus (XVS).
Digital entertainment platform Tron (TRX) rounds out the top ten list.
WhaleStats also notes that the Ethereum, Avalanche, USD Coin and True USD holdings of BSC whales are wrapped and pegged by Binance on a 1:1 ratio to the corresponding crypto asset.
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The post Two Ethereum Rivals Are Among the Top Holdings of the Largest Binance Smart Chain Whales appeared first on The Daily Hodl.
