Altcoin Holder

2022-04-01 12:20:00 ​​Shib Accumulation Continue: 19th Biggest ETH Whale Bought 47B Shiba Inu As Shib Reclaimed $15 Billion Market Cap

Shiba Inu (SHIB) Reclaimed $15 Billion Market Cap as Ethereum Whales Continue to Gobble Up; Over 47.49 Billion Accumulated by a single whale Within 24 Hours.

Major Ethereum whale wallet has acquired more than $1.32 million worth of Shiba Inu (SHIB). According to an update from WhaleStats on Wednesday, the 19th most giant whale of Ethereum (ETH) has acquired 47,491,172,343 (47.49B) SHIB for $1,324,053 USD (1.32M) in one transaction.

Looking deep into the whales’ wallets, we found that Shiba Inu is currently her 20th biggest holding position by dollar value. Her wallet shows that she holds a $15,590,761 (15.59M) USD value of SHIB or 560 billion SHIB tokens. Her average purchase price per token appears to be $0.0000278.

Besides this accumulation, over 622.05 billion SHIB tokens worth $16.72 million had been accumulated by three top Ethereum (ETH) whales in a total of 4 transactions on Tuesday.

An active wallet, “Gimli,” appears to be more aggressive in accumulation. She accumulated 421,370,420,624 (421.37B) SHIB worth $11.3 million in two transactions.

So far, within the last 48 hours, 669,549,145,926 (669B) of SHIB, worth 18,051,808 (18.05M), have been accumulated by four major Ethereum whale wallets in 5 transactions.

Impact on SHIB Price:

Shiba Inu (SHIB) manages to reclaim back a $15 billion market cap due to the massive accumulation of whales. The SHIB is currently trading for $0.00002778, up 2.62% over the last day. However, a 24-hour trading volume for the token seems to plunge over 12% compared to the previous day. The 24-hour volume is currently standing at $1,622,992,226 (1.622M). Open / Comment

2022-03-31 12:10:00 ​​Top Ethereum Whales are Accumulating These Altcoins As Crypto Market Enters Correction Phase

According to two on-chain analytical trackers, Ethereum (ETH) whales are expanding in number and investing in a variety of altcoin projects.

Santiment, a data analytics firm, has discovered a significant surge in Ethereum ownership among the world’s wealthiest crypto wallets.

The number of Ethereum holders with more over 10,000 ETH has reached levels not seen since December of last year, according to the company.

Whale accumulation, according to Santiment, is a sign of future price increases.

List of Top cryptos in pockets of whales

The following are the top ten non-stablecoin crypto assets purchased in the last week according to WhaleStats:

Gala Games (GALA), a play-to-earn blockchain gaming platform, saw an average of 1,032,251 GALA tokens purchased for $276,738.

ApeCoin (APE), a project of the bored Ape Yacht Club, with an average buy of 20,055 APE for $270,193.

Ethereum-based virtual world The Sandbox (SAND) with whales purchasing 72,756 SAND for $251,123.

Decentralized exchange Serum (SRM) to the tune of $246,704 for 81,210 SRM tokens.

Solution for scaling on the second layer Polygon (MATIC) saw 96,931 MATIC sold on average for $160,244.

Aave (AAVE) is a decentralised lending and borrowing technology, with whales purchasing an average of 855 AAVE for $148,507 each. Open / Comment

2022-03-30 12:51:44 ​​Syscoin (SYS) announces a new initiative to revolutionize DAO governance

The President of the Syscoin Foundation, Jag Sidhu, has announced a new initiative focused on decentralized autonomous organizations (DAOs). The executive noted that the initiative would bring change into the DAO sector.

Speaking during the Binance Blockchain Week 2022 conference in Dubai, Sidhu said that this revolutionary DAO model would be implemented in 2022.

Syscoin launches DAOSYS

DAOSYS seeks to solve the issues present in the DAO sector by adopting an innovative model to use cryptocurrencies as capital investments. The Syscoin Foundation believes that DAOs should function like AMMs, where anyone can use the services.

By using an AMM model, the foundation can make the process easy, so it operates like a liquidity pool. Syscoin notes that a treasury management platform can be created even without a governance token.

DAOSYS will comprise a reference architecture adopting the Autonomous Service Engine that will boost the innovativeness of the Syscoin ecosystem. It adopts a risk mitigation strategy to create an antifragile market design.

DAOSYS will also be in a unique position to support digital innovation because it will support the development and growth of the Syscoin ecosystem. The innovative model for this DAO ecosystem is part of the objective of the Syscoin Foundation. It will support advancements in DAO technology to support innovation.

Syscoin wants to support the next stage of the evolution of blockchain technology. The protocol integrates the security infrastructure offered by Bitcoin and the programmable capabilities of Ethereum to boost scalability.

Syscoin changing the DAO sector

DAOs have become increasingly popular in the cryptocurrency sector. However, some people have said that these organizations fail to comply with the objectives of the cryptocurrency sector.

Currently, DAOs do not give users the freedom to manage their funds. Instead, these organizations manage user funds in a treasury controlled by a few people. Additionally, these DAOs do not uphold governance solutions geared to the needs of the stakeholders.

With DAOs, those who have governance rights do not have full control of the protocol. Instead, they offer an advisory role Open / Comment