Whales are attacking SHIB and these Metaverse Coins!

Whales are attacking SHIB and these Metaverse Coins!

Bitcoin and altcoins are trading at historic lows. Meanwhile, investors started looking for the best projects for future opportunities. In addition to powerful Layer 1 blockchains such as Solana and Avalanche, Metaverse Coins are also high on their watch list. Ethereum whales, on the other hand, intend to accumulate SHIB and a number of exchange tokens.

Ethereum whales rally in SHIB and Metaverse coins

The recent decline in the cryptocurrency market has wiped out all gains from the past year. The Terra crash was the catalyst for May’s selling pressure. On the other hand, the largest Ethereum whales tracked by WhaleStats accumulate metaverse cryptos like MANA and SAND. The list of the 100 largest ETH whales also includes a number of exchange tokens.

Shiba Inu (SHIB) and FTX Token (FTT) are the permanent names in the top token position expressed in dollars. Interestingly, CHZ, the native crypto of fan token platform Chilliz, is in the top 10 today. Meanwhile, Whales has pushed CHZ into the top 10 with a series of huge acquisitions. The most bought stablecoins in the decline were USDC and USDT. Whales generally tend to switch to stablecoins when the market falls.

Whales accumulate in SAND and MANA

As seen below, most USDC, USDT and ETH have been bought in the last 24 hours. Ethereum is third on the list. Popular meme token Shiba Inu (SHIB) completes the list at number four today. Interestingly, the popular Metaverse coins MANA and SAND managed to make the top of the list.

  • USDC Coin (USDC)
  • Tether (USDC)
  • Ethereum (ETH)
  • Shiba Inu (SHIB)
  • ) )Decentraland (MANA)
  • The Sandbox (SAND)

By the way, apart from the above altcoins, FTT, BEST, CRO and MEXC-like stock tokens are on whales’ radar. However, the top choice of big investors lately is Ethereum (ETH). Because the leading altcoin is taking the first concrete steps for ETH 2.0.

Ethereum (ETH) reclaimed $1800, here is why

Ethereum as we see in the Cryptokoin.com Analysis (ETH..) mentioned) is back on the rise today along with the Ropsten testnet. Thus, ETH edged up slightly in the last 24 hours to retake the $1800 level. The altcoin gain is due to the successful implementation of a PoS mechanism on one of the first testnets, Ropsten. In addition, the testing process has been validated by several Ethereum developers and nodes. They are now monitoring the blockchain to ensure the merge is going smoothly.

ETH, especially given that it will make Ethereum more affordable likely to respond positively to the move to PoS. The move could also fuel institutional interest in the token, which has been struggling due to weak crypto market conditions. Therefore, the giant whale purchases at that time confirm this thesis.

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