While some people follow whales for profit, this one is clearly lost
The Ethereum network whale that currently holds $1.3 billion worth of Shib is clearly not the best investor among the 1,000 largest Ethereum wallets due to losing $3 billion in less than a month, according to the wallet performance statistics on WhaleStats tracking service.
Performance of the “light” portfolio
According to the performance chart, the portfolio’s value fell from $ 7 billion in early December to $ 4 billion. The main source of losses is unfortunately the Shiba Inu token, which is now trading at 58% loss compared to its ATH.
But since whales’ holdings have dropped by 45% since the beginning of December, Shiba Inu should be responsible for only half of it since the token has traded at a 22% loss since the beginning of the month.
Other tokens that could have negatively impacted the whale’s wallet are Ethereum and Mana, which lost 30% in total. Adding up the losses of the SHIB token, we would get an unrealized loss of 52% on all three positions. Since the address constantly sends and receives different tokens, the tracking process becomes more complex.
What does the top-tier wallet hold today?
According to the wallet page on WhaleStats, “Light” is still holding 35% of his portfolio in Shiba Inu token while Ethereum is in second place with 17% portfolio dominance. Both large positions are currently trading with a loss. The only “positive” holding on the whale’s balance sheet is Matic, with a 5.2% positive price change in the last 24 hours.
Tokens and coins like Enjin, Sand, Mana and Wrapped BTC are showing, unfortunately for Whale, negative performance, with an average loss of 1.5% over the last 24 hours.
