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SHIB Beats MATIC, LINK, MANA as Number 1 Asset for Whales: Report

Sat, 07/30/2022 - 09:10
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Yuri Molchan
Popular meme coin has beaten major altcoins on ETH as the biggest whales’ holding
SHIB Beats MATIC, LINK, MANA as Number 1 Asset for Whales: Report
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Recent report by WhaleStats on-chain data platform shows that SHIB remains the coin on which Ethereum whales still make the highest bets. At the moment, this canine cryptocurrency leads the top-ten list of assets held by these investors.

On this list, Shiba Inu has left behind other popular altcoins – MATIC, LINK and MANA, which are also holding top positions among ETH whales’ investments.

Whales hold $646 million in SHIB

In a recent report, WhaleStats says that Ethereum whales’ addresses contain $646,310,721 worth of Shiba Inu in total, and this second largest meme cryptocurrency holds the first place on the top ten list of assets.

Other altcoins, including top-rated MATIC, MANA and LINK are behind Shiba. Whales hold the equivalents of $140,143,669 in MATIC, $127,079,523 in MANA and $112,672,798 in LINK.

According to the website of the aforementioned data service, MANA at the moment is the most widely held token among whales on Ethereum chain and SHIB is the largest token by USD value.

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Nearly $3 million in LINK bought by whales

The same source has reported that earlier today, two whales acquired chunks of LINK that together worth almost $3 million.

Whale by the name of "BlueWhale0088" bought 159,866 LINK evaluated at $1,269,340. Investor titled "BlueWhale0079", who is also often seen speculating on large amounts of Shiba Inu, added a total of 199,999 LINK to his wallet, paying over $1.5 million for it.

LINK sits on the 10th spot on the list of ETH whales’ holdings.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.