New on-chain data shows Ethereum whales are accumulating 10 altcoins, including an emerging competitor to Shiba Inu (SHIB) and Dogecoin (DOGE).
The Ethereum whale wallet tracker WhaleStats has compiled a list of the top 10 altcoins purchased by the 1,000 largest Ethereum wallets in the last 24 hours.
The numbers show the whales are first and foremost stockpiling ETH itself, the native crypto asset of the Ethereum blockchain.
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After that, the whales are accumulating a trio of stablecoins – namely USD Coin (USDC), Tether (USDT) and Binance USD (BUSD).
Next up, the whales are accumulating the metaverse altcoin Decentraland (MANA), the Bitcoin-pegged asset Wrapped Bitcoin (WBTC) and Crypto.com’s native exchange token CRO.
Next on the list is the native token of the automated market maker