One of the attractions in blockchain -based technology is ‘public ledgers’ where the public can view transactions that take place transparently and openly. Partly making it a material for analysis.
So it is not surprising that the ledger of these groups of whales is used as a guide in organizing investment strategies for some parties. Investors usually observe the behavior of Bitcoin and Ethereum ‘Whales’.
Glad to share here about the behavior of the Ethereum ‘whale’ group which is in charts 1 to 100 based on their Ethereum holdings. Also used as a guide is the ‘whales tracker’ service. What exactly is the crypto held by the whale group in this 1 to 1000 way?
Based on data from ‘whale tracker’, Whale Stats, a total of $ 1.7 billion is invested in FTT tokens, which are the original tokens for the leading crypto exchange FTX. FTT tokens account for nearly 19% of total holdings. Then the largest holding was followed by the Shiba Inu memecoin token (SHIB). The whale group has held a $ 1.27 billion SHIB that accounts for about 14.15% of their portfolio.
It was recently reported that one of the ‘Whales’ had bought SHIB worth $ 89 million in one transaction. In addition to SHIB the cryptocurrencies of choice are BEST, MATIC, MANA Decentraland, Chainlink, and many more. It should be noted that this data does not include the Ethereum cryptocurrency. To date they have held over 10,694,610 ETHs worth $ 31.9 billion.
On the other hand, data from Staking Rewards reveals that Solana now tops the charts by over $ 36 billion compared to Ethereum. Not only that, the competition between Solana and Terra is getting fiercer, and the two ecosystems are vying to top the charts.
For example, examining ‘Whale’ behavior has become part of a frequently used investment strategy among investors.
