Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, According to On-Chain Data
According to a new tweet from the whale-tracking website WhaleStats, SHIB has surpassed ETH layer-2 scaling solution Polygon (MATIC) as the top traded crypto asset among the top 500 Ethereum wallets.
The data tracker goes on to say that the top 5,000 Ethereum wallets collectively hold $1.46 billion worth of Shiba Inu tokens.Also popular among the investor cohort is FTX Token (FTT), the native asset of the popular FTX cryptocurrency exchange, as deep-pocketed wallets hold $1.22 billion worth of FTT.FTT powers the FTX ecosystem, giving traders reduced trading fees and rebates, among other benefits.While it was eclipsed by SHIB, Polygon remains a popular asset among ETH whales to the tune of $332.59 million.
Source
@Bitcoin_Ethereum_Altcoins
