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Binance Smart Chain Whales hold these coins as market corrections

The largest players in the Binance Smart Chain (BSC) ecosystem hold large amounts of the tokens from two Ethereum (ETH) competitors, according to WhaleStats.

In a recent report, the platform analyzed the cumulative behavior of the largest 1,000 BSC addresses without wallets from crypto exchanges.

They have compiled a list of 10 assets held by BSC whales by tracking the biggest USD tokens in the investor pool.

WhaleStats reveals that BSC whales accumulated an average of $ 3.21 million in Binance Coin (BNB) which is the leader in all digital assets. BNB is the utility token of the Binance exchange and the Binance Smart Chain ecosystem.

In second place is the BTCB token, a packaged BTC on BSC that is linked to Bitcoin (BTC) in a 1: 1 ratio. WhaleStats found that BSC whales own an average of $ 814,181 in BTCB tokens.

In third place is Ethereum (ETH) with an average coin value of $ 540,177.

It is followed by challengers Ethereum, Polygon (MATIC) and Avalanche (AVAX), with BSC whales averaging $ 417,439 MATIC and $ 395,926 AVAX.

In sixth place is the stablecoin USD Coin (USDC), followed by Frax Share (FXS). FXS is used as a store of value and maintains the Frax protocol. WhaleStats shows that BSC whales own an average of $ 325,601 in FXS.

Stablecoin True USD (TUSD) ranks eighth, followed by Venus ETH (vETH), issued by the decentralized financial platform Venus (XVS).

Finally, there is Tron (TRX), a blockchain-based decentralized protocol that was developed with the aim of building a global free entertainment content system thanks to blockchain technology and distributed storage.

The source: WhaleStats

WhaleStats also notes that BSC whale stocks are wrapped in Ethereum, Avalanche, USD Coin and True USD by BSC and pegged to their respective cryptocurrencies in a 1: 1 ratio.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.