After Accumulating $881,000,000 in Shiba Inu and Polygon, Whales Are Now Targeting Two Ethereum-Based Altcoins

After devouring about $900 million worth of Shiba Inu (SHIB) and Polygon (MATIC), crypto whales are eyeing two other altcoins running on the Ethereum (ETH) blockchain.

Blockchain tracking service WhaleStats has revealed that the largest 1,000 Ethereum whales have accumulated over $671 million worth of SHIB and $210 million worth of MATIC.

sauce: whale statistics

Aside from ETH itself and stablecoins Tether (USDT) and USD Coin (USDC), SHIB remains the top altcoin holding among investor cohorts, according to WhaleStats, while MATIC is ahead of rival Dogecoin (DOGE). is right behind

After MATIC, the largest 1,000 Ethereum whales enjoy Lido Staked Ether (stETH). This is Lido Finance’s liquid staking derivative token that can be exchanged 1:1 to Ethereum. WhaleStats show that Ethereum whales hold, on average, $174,821 worth of stETH.

The decentralized oracle network Chainlink (LINK) follows stETH, with the largest 1,000 ETH whales holding an average of $158,393 worth of LINK.

Source: WhaleStats

Whale Stats too report A surge in the accumulation of LINK whales in one day.

“Just in: Link bought the top 10 tokens among the 1,000 largest ETH whales in the last 24 hours.”

At the time of writing, LINK is trading at $8.05, up over 4% over the past day.

According to WhaleStats data, Ethereum whales currently hold $1.76 billion worth of USDT and USDC stablecoins, accounting for over 30% of the cryptocurrency portfolio. A sizable allocation to stablecoins suggests that Ethereum whales are cautious after the overall market rally this year.

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