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.
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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