The popular meme coin Shiba Inu (SHIB) is currently going through a tough battle with the FTX token. Altcoin sharing among whales varies. Whales have been stocking up on 3 altcoins lately. Cryptocoin. com
As , we have compiled the latest situation for you…
Where is SHIB? Let’s take a look at altcoins that are popular with whales…
After reaching the lowest dominance percentage in three months in whale addresses, Shiba Inu has risen and become the second most popular asset among Ethereum whales. While the Shiba Inu’s dominance has dropped to 5%, it still remains the most popular whale asset. Other altcoins have a long way to go to catch up with SHIB. However, after the fund was redistributed, the dominance of the FTX token over whale addresses approached 11%.
At press time, Shiba lost the first place as the largest holding in whale-level addresses with a large wallet balance of $1.4 billion. The sale of approximately $250 million SHIB was also not a game in favor of the asset, which was the main reason for the token to lose the first place as the largest holding at whale-level addresses. The FTX token, on the other hand, gained even more value as whales added an additional $100 million to their basket recently, bringing its total investment value to $1.5 billion.
Whales pile up again: They’re buying from these altcoin projects!
According to WhaleStats’ activity at whale-level addresses, whales have started to redistribute their funds among various tokens, and the percentage of funds concentrated in stablecoins has dropped by about 9%. As the market experiences relatively low volatility, large crypto investors tend to increase their holdings with better prices. As the distribution of assets shows, whales have chosen tokens such as FTX, BEST and GALA. SHIB lost some of its investment.