Top 3 Tokens that ETH Whales Are Holding this Week

Vinod Dsouza
ETH Whale
Source: Elements Envato

The cryptocurrency market is sending mixed signals today after Bitcoin plummeted to $38,000 dragging the market down along with it. The top Ethereum whales are making good use of the dips while accumulating tokens that are available at a discount. The turbulence in the market is likely to continue as the war between Russia and Ukraine is engulfing. Stability in the financial sector is nowhere on the horizon leading to fears of another crash.

Here are the top 3 tokens that ETH whales are holding on to this week:

1. Ethereum Whales Top Holding : Shiba Inu

The top Ethereum whales are holding $1.5 billion worth of Shiba Inu tokens. SHIB takes the majority of the cut among the ETH-rich list with a staggering 12.49% of their overall holdings. Whales have been accumulating Shiba Inu since the second half of 2021 and the trend has continued this year.

SHIB is among the most sought-after token in the whale community. Just recently, Gimli whale purchased close to 443 billion SHIB tokens by paying a whopping $11 million. Gimli whale has been steadily picking up Shiba Inu for more than six months and is ranked at no 5 on WhaleStats.

At press time, Shiba Inu wast trading at $0.00002320 and is down -4.1% in the 24-hours day trade.

Read Also: Shibarium Could be the Vehicle that Drives Shiba Inu towards $0.01?

2. FTX Token

FTX is the second most loved token among the ETH whale community. It is as close to SHIB in terms of accumulation and Ethereum rich lists regularly gobble up FTX during the dips. Whales now own around $1.52 billion worth of FTX Tokens that makes up to 12.39% of their overall holdings.

There’s news of whales buying FTX almost every week making it among the most-sought after tokens in the market. At press time, FTX is trading at $39.52 and is down -3.3% in the 24-hours day trade.

Read Also: What Ethereum ‘lagging’ means for Bitcoin?

3. Matic

Whales love Matic and pick up the crypto on a regular basis. At present, the ETH rich list owns around $380 million worth of Matic which makes up the overall portfolio of 3.09%. Matic, trading at $1.43 currently is seen as a discount among the whale community, as they believe it can shoot up in price in the long run.