Whales Attack This Altcoin Project!

The Shiba Inu (SHIB) has long filled the wallets of the biggest Ethereum whales. However, it is now facing a new altcoin in the ranking of the largest token position.

Ethereum whales hold SHIB worth $506M

According to data provided by WhaleStats, Shiba has a new competitor. The altcoin in question is used for over-the-counter (OTC) sales. Silverway (SLV) currently surpasses Shiba in popularity and largest token position. In this ranking, especially Shiba Inu (SHIB) and FTX Token (FTT) are two names that have been fighting for the lead for a long time.

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Silverway (SLV) is currently the largest token among the top 100 ETH whales by dollar value, according to WhaleStats data. Whales hold more than $1.72 billion in SLV tokens in wallets. This rate represents 40% of the top 100 wallets. Additionally, SLV has become one of the most widely held cryptocurrencies. However, Silverway (SLV) price did not see a significant price increase as a result of these acquisitions. At the time of writing, it is trading at $0.00007934, down 88% from the last 24 hours. This is because it is only used temporarily for OTC transactions.

Altcoin whales move away from Shiba

Currently among the 100 largest whales, the Shiba Inu’s total value has dropped to $506.9 million. This amount represents 11% of the total stock of whales. Shiba Inu still managed to stay in the top 10 tokens by transaction volume among the top 100 ETH wallets. The previous day, the Shiba Inu price gained almost 7%. 24-hour trading volume increased more than 150% to $925.8 million. The market cap of the second largest meme cryptocurrency is currently $6.8 billion.

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Ethereum whales hold $145M worth of FTT

According to whale statistics, ETH whales have purchased a large amount of FTT in the last 24 hours. In the same time frame, FTT returned to the top 10 list of the 100 largest Ethereum wallets, sorted by transaction volume. On July 18, the whales purchased over $145 million in FTT. The ETH whale named “BlueWhale0116” alone has passed over $131.6 million in FTT token wallets. It should be underlined that this purchase is made in a single transaction. However, the purchase was not effective in raising the price of the FTX token. Despite the 5% rises in the market, FTT is only 1% green in the last 24 hours. AmkNews.comAs you follow, one of the most traded altcoins today was MATIC.

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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.