Several major altcoins, including SHIB, ENJ, MATIC, etc, are on the list of top ten cryptos held by the largest Ethereum whales
Crypto tracking service WhaleStats has shared a list of ten cryptocurrencies held by the top hundred investors, who hold the bulk of their portfolios in Ethereum.
On that list there are Shiba Inu (SHIB), Polygon (MATIC), FTX Token (FTT), Decentraland (MANA), etc.
SHIB, FTT, MANA, SAND held by whales
According to the recent tweet posted by WhaleStats, the top 100 Ethereum investors hold smaller but trending altcoins recently.
Among them, there is the second largest meme-themed crypto token Shiba Inu (SHIB), FTX Token (FTT), Decentraland (MANA), The Sandbox (SAND), Chainlink (LINK), Enjin Coin (ENJ), etc.
Whales continue to expand their reserves of LINK. Earlier today, WhaleStats reported that several top Ethereum whales bought over $22.9 million from Chainlink.
Among them was “Gimli” wallet named after one of the key characters in the world-famous fantasy novel by J.R.R. Tolkien “Lord of the Rings”. This investor has also recently bought a large amount of Shiba Inu as U.Today reported.
The purchase took place last week, March 3, when “Gimli” acquired 442,637,867,858 SHIB for approximately $11 million. After this acquisition, the SHIB holdings of the top 5 Ethereum investors, according to the WhaleStats scale, soared to an incredible trillion Shiba Inu.
600 million SHIB to be burned on April 3
According to the data shared by Steven Cooper, owner of Bigger Entertainment (one of the most active shib burners), the next SHIB burn party has been scheduled for April 3. On that day, they intend to destroy 600 million meme tokens live on YouTube, i.e. send these tokens to a dead-end crypto address.
The previous burn party was on February 14 – at the time more than 240 million SHIBs had been cremated. The project has been destroying the SHIB since the end of October 2021.
Since the project began its regular token burns, a staggering 1,414,967,476 SHIB has been removed from the circulating supply. The funds for these burn parties are raised by the company via its activity on YouTube, in the sphere of mobile games, music play lists, etc.
Another major project destroying SHIB, @shibburn, reported that in the past 24+ hours, 17,708,469 Shiba Inu have been destroyed. It’s worth as little as $395, though.
At the time of writing, SHIB is changing hands at $0.00002235, showing a 10.62 percent decline over the past week.