{"id":521636,"date":"2023-03-02T19:00:33","date_gmt":"2023-03-02T19:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=521636"},"modified":"2023-03-02T18:44:54","modified_gmt":"2023-03-02T18:44:54","slug":"ethereum-whales-have-interest-in-shib-matic","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-whales-have-interest-in-shib-matic\/","title":{"rendered":"Ethereum Whales More Interested In Shiba Inu Than Polygon, Here\u2019s Why"},"content":{"rendered":"
According to data from Whalestats, a tracker for large crypto investors, Ethereum whales have shown more interest in Shiba Inu (SHIB) than <\/span>Polygon<\/span><\/a> (MATIC). Over the past few days, a large amount of SHIB tokens have been recorded to be stored more than MATIC by Ethereum whales.<\/span><\/p>\n Whales are described as the largest investors in an asset. Given their immense buying power and capacity to influence price action, they have always had a significant role in the crypto market.<\/span><\/p>\n Earlier today, Whalestats <\/span>revealed<\/span><\/a> that the top 1,000 Ethereum whales hold an average of $619 million, about $500 million higher than their $170 million worth of MATIC. Notably, last month, several reports revealed Ethereum whales massively accumulating MATIC.\u00a0<\/span><\/p>\n On February 8, Whalestats reported ETH whales <\/span>buying over $2 million of MATIC<\/span><\/a>. A day later, WhaleAlert, another crypto whale tracker, said that huge MATIC transactions were occurring on the blockchain.<\/span><\/p>\n According to the tracker, a trade of 38,000,000 MATIC, worth more than $50,000,000 at the time, was <\/span>executed from an unknown wallet<\/span><\/a> to an anonymous wallet. Furthermore, the $619 million worth of SHIB, reported by Whalestats, ETH whales hold represents just 10% of Ethereum whales\u2019 altcoins.\u00a0<\/span><\/p>\n There is a lot of uncertainty about whether the market will see another rally or bearish trend; most investors have their assets stored in stablecoins, a non-volatile type of crypto-backed by real word currency such as the U.S. dollar.\u00a0<\/span><\/p>\n While the top ETH whales hold $619 million worth of SHIB, they hold more stable assets such as USDC worth $1.06 billion and USDT worth $808 million on average. ETH whales hold more SHIB and MATIC as alternative assets, along with Chainlink (LINK) and Uniswap (UNI).\u00a0<\/span><\/p>\nEthereum Whales Holds More SHIB Than MATIC<\/span><\/h2>\n