Crypto Asset Surpasses Shiba Inu (SHIB) As Largest Altcoin Holder Among Top 500 Ethereum Whales

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The world’s richest Ethereum (ETH) whales now hold massive amounts of one stablecoin and two additional altcoins, according to blockchain tracker WhaleStats.

The top 500 registered ETH addresses now hold more of Circle’s dollar-pegged stablecoins, USD Coin (USDC), than any other asset.

Whales hold $1.64 billion worth of USDC, which represents 13.38% of Whales’ non-Ethereum holdings.

Second on the list is the popular Shiba Inu Coin (SHIB). The top 500 Ethereum whales hold over $1.53 billion worth of SHIB, or nearly 12.5% ​​of their non-ETH holdings. Shiba Inu, the 15th largest crypto asset by market capitalization, is trading at $0.000023 at the time of writing and is down 8% over the past seven days.

The third largest non-Ethereum holding of the richest ETH whales is FTX Token (FTT). They hold over $1.52 billion in crypto assets, which is nearly 12.4% of their non-ETH holdings.

Source: WhaleStats/Twitter

FTT is the token exchange of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens, and over-the-counter transactions. The 25th-ranked crypto asset by market cap is trading at $39.32 at the time of writing, down nearly 13% from its price a week ago.

WhalesStats Remarks on Twitter that the top 500 ETH addresses also contain massive amounts of Ethereum scaling solution Polygon (MATIC) as well as Decentraland (MANA), Gala (GALA), and The Sandbox (SAND) metaverse tokens.

The top 500 Ethereum whales are also accumulating crypto exchange tokens, including Cronos (CRO), Bitpanda Ecosystem Token (BEST), SwissBorg (CHSB), and OKex’s utility token, OKB.

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Featured Image: Shutterstock/kkssr/WindAwake

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