Fresh data shows that the world’s biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) to the tune of nearly $10 million worth each, on average.
The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses.
The whale-monitoring website shows that the average Shiba Inu holdings are 469.2 billion SHIB tokens valued at $9,818,431, making SHIB the biggest altcoin holding among Ethereum whales, other than ETH itself.
WhaleStats also reports that over the past 24 hours deep-pocketed crypto investors favored virtual world The Sandbox, with an average purchase of 30,000 SAND tokens for $63,000.
The whale wallets are also keen on 3D virtual reality world Decentraland (MANA), as WhaleStats reveals that it’s currently the most widely held crypto asset among the whales.
Overall, MANA accounts for 2.29% of total whale holdings and worth $149,809,490.
In addition to Ethereum itself and several dollar-pegged stablecoins, also in the mega whales’ top-10 holdings is FTX Token (FTT), the native asset of the popular FTX cryptocurrency exchange. Deep-pocketed Ethereum wallets hold an average of 226,394 FTT tokens worth $8,898,439.
The wealthy investors are also fond of layer-2 scaling solution Polygon, with the average bag holding 1,816,554 MATIC at a value of $1,987,571.
Recently, crypto analytics firm Santiment reported that the richest Ethereum investors have started aggressively accumulating ETH after four months of inactivity. Whales holding between 1,000 and 10,000 Ethereum have suddenly added a combined 142,000 ETH, worth about $400,014,000 at time of writing.
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The post Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data appeared first on The Daily Hodl.
