2,000 Biggest Whales Hunt for LINK and These 7 Altcoins!

It seems that 10% of the Shiba Inu’s capital is concentrated in the hands of the whales. The largest 2,000 ETH whales allocate a large amount of money to LINK and 7 altcoins, alongside the $660 million Shiba.

Distribution of SHIB, LINK and MATIC among the top 2,000 whales

WhaleStats, which tracks Ethereum (ETH) whales, has shared data on the wallets of the 2,000 largest whales. Alongside stablecoins and Ethereum, SHIB occupies the largest portion of the whale portfolio, according to the data. According to on-chain data, Shiba’s share is 10% of the total. On the other hand, it means whales hold $660 million SHIB. By comparison, the Shiba Inu’s overall capitalization is around $6.6 billion. Thus, the 2,000 largest ETH whales hold 10% of their portfolio in SHIB. According to the data, these whales hold 10% of the total Shiba Inu supply.

Whales are also accumulating LINK and altcoins

The data provided by WhaleStats also sheds light on which altcoins whales are accumulating outside of SHIB. The largest Ethereum whale currently has tokens set at the following rates.

  • Shiba Inu (SHIB) – 659,488.520
  • Bitpanda (BEST) – 197,161,112
  • CreaEther (CETH) – 164,943,10
  • Polygon (MATIC) – 145,440,212
  • Decentraland (MANA) – 138,209,116
  • Chainlink (LINK) – 132,311,340
  • SwissBorg (CHSB) – 117,974,312
  • BitCherry (BCHC) – 104,941,784

Are the statistics worrying?

On the contrary, it shows that the project, which is considered a joke, is accepted among whales. Considering that SHIB’s next-ranking neighbors are brilliant crypto startups like Decentraland (MANA), Chainlink (LINK), and Polygon (MATIC), SHIB’s share still occupies 5x the share of these tokens.

SHIB has had a busy week

A number of good news and events have come to the fore for the Shiba Inu since last week. That’s why, celebrating its biennial birthday on August 2, the project has revealed a number of details about its highly anticipated game “Shiba Eternity” developed in collaboration with PlaySide Studios. The announcement was also not without the close attention of Ethereum whales. AmkNews.com As we have also reported, Binance, one of the largest crypto ecosystems in the world, announced the addition of XRP, Shiba Inu (SHIB) and Avalanche (AVAX) as payment instruments with Binance Card.

Also, Binance was known to include SHIB in the list of coins that can be used to pay with Binance Card. Thus, it became possible to use SHIB as a payment method in the European Economic Area. Meanwhile, trying new payment methods will be available to residents of the European Economic Area, as well as Ukrainian refugees who have been granted asylum in these countries. In order to operate in this region, the card was issued specifically by Binance with the purchase of a license for its subsidiary in Lithuania. In other countries, Binance Card is not yet accepted for payment.

Disclaimer: The articles and articles on AmkNews do not constitute investment advice. AmkNews.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is AmkNews an investment advisor. For this reason, AmkNews and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Warning: Citing the news content of AmkNews and quoting by giving a link is subject to the permission of AmkNews. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of AmkNews in violation of intellectual property law and relevant legislation.

Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.