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. As Kriptokoin.com , we have compiled the latest situation for you…
Where is SHIB? Let’s look at altcoins popular with whales…
After hitting the lowest dominance percentage in three months on whale addresses, the Shiba Inu has soared 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 top spot as the largest holg in whale-level addresses with massive wallet balances of $1.4 billion. The sale of approximately $250 million of SHIB was also not a vote in the asset’s favor, which was the main reason the token lost first place as the largest holg in whale-level addresses. The FTX token, on the other hand, gained even more value as whales recently added an additional $100 million token to the sepedollarseries, 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 a variety of 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 fiyadollarsar. As the distribution of assets shows, whales have chosen tokens such as FTX, BEST and GALA. SHIB lost some of its investment.
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