In the past few days, a lot has happened in the global crypto market. With events ranging from a growing fear that Russia will use crypto to circumvent US sanctions imposed as part of the ongoing Russia-Ukraine crisis to South Korea launching its first crypto investment vehicle, crypto is becoming increasingly popular. increasingly popular.
The global cryptocurrency market capitalization decreased by 2.83 percent to $1.75 trillion in the last 24 hours. Bitcoin market share increased by 0.13% to 41.89% at the time of writing, with the coin trading at $39,099.
Whales are hoarding these altcoins!
As digital asset markets show signs of momentum, some of the world’s wealthiest crypto investors are pouncing on the Shiba Inu (SHIB) meme coin and four other altcoins.
Shiba Inu is back in the top ten most bought cryptocurrencies among the 1000 Ethereum whales without exchange, according to the whale monitoring platform WhaleStats.
At the time of writing, the meme coin was trading at $0.00002442, down 1.26 percent.
In addition to Shiba Inu, the largest Ethereum whales are also buying Chainlink (LINK), Polygon (MATIC), Fantom (FTM), and Uniswap, a decentralized exchange (UNI).
USD Coin (USDC), Tether (USDT), and Dai, as well as Ethereum itself, are among the coins on the list. One of the biggest altcoin purchases this week was made by the world’s richest Ethereum whale. According to WhaleStats, a wealthy investor recently purchased 49.99 billion SHIB for $1.20 million.
Another whale, one of the thousand richest people on the planet, was discovered buying 2.5 million Polygon (MATIC) tokens for $3.50 million.
Another whale sighting occurred when the fourth richest entity on the Ethereum network was seen buying 3 million FTMs worth $4.47 million. The same whale was also caught eating $3.67 million worth of Chainlink.
This post Whales are hoarding Shiba-Inu and 4 other altcoins!
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