As large-capitalized Altcoins continue to suffer losses, Ethereum whales have shifted their focus to small-capitalized cryptocurrencies to profit from the bear market.
With the accumulation of whales into Shiba Inu before its peak, whales’ holdings of small-cap currencies are of interest to investors.
WhaleStats shows that whales have not yet given up on meme coin fever. Their holdings of small capitalized altcoins evidence this.
ShibDoge is a meme coin combining Dogecoin and Shiba Inu. The Whale Wallet Tracker shows that whales hold on average $3,184,962 of these tokens.
The others include VOY, PAN, ANCT, and THX all held in large numbers by leading whales.
FTX is currently at the top of the list of tokens with the most significant volume of transactions. ShibDoge is making his mark in 2nd place, with an average trading volume of over $3 million.
The stablecoin USDC came in third, while ETH, BUSD, and USDT took 3rd, 4th and 5th place, respectively. DAI, another stablecoin, is in sixth place, meaning that whales are also looking for security in stablecoins.
LINK, CRV, and UNI are the remaining coins on the list. News of Uniswap’s acquisition of the market aggregator Genie and the upcoming airdrop aroused concerns for UNI as DEX entered the NFT market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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