According to recently published data, ETH whales have been holding SHIB, FTT and other cryptocurrencies, choosing them as more profitable than other tokens on the crypto market
On-chain data provider WhaleStats, which tracks the 100 largest wallets on the Ethereum chain, revealed the top 10 cryptocurrencies held by ETH whales over the past 24 hours.
Among these coins are SHIB, FTT, MATIC, LINK, etc.
FTT, SHIB, MATIC are some of the coins held by whales
According to data shared by WhaleStats, the owners of the top 5,000 wallets right now hold FTX, SHIB, MATIC, LINK, and six other Ethereum-based digital currencies.
FTX Token comes first on this list of coins favored by whales most; investors are storing $1,885,315,239 worth of it.
SHIB comes second here with a fiat equivalent comprising $1,631,778,471. Whales also hold $385,403,059 in MATIC (number four on the list) and $353,580,308 in Chainlink.
Other assets here include BEST and MANA.
Nearly 200 million SHIBs burned
Over the past 48 hours, multiple SHIB burning initiatives have destroyed an amount of crypto close to 200 million tokens, or 195.5 million Shiba Inu. It took twelve transactions for the SHIB Army to remove so much crypto from the supply currently in circulation.
The largest single transfer that pushed SHIB to a dead-end wallet carried 161,397,653 tokens two days ago from the 0xbaed383ede0e5d9d72430661f3285daa77e9439f address.
The equivalent of the burned Shiba Inu hideout is $5,061 in fiat.
