Some of the wealthiest crypto investors in existence are pouncing on meme coin Shiba Inu (SHIB) and four other altcoins as the digital asset markets show signs of strength.
According to whale-monitoring platform WhaleStats, Shib Inu is back within the top 10 most purchased altcoins in the last 24 hours by the top 1,000 non-exchange Ethereum whales.
The dog-themed meme crypto is currently ranked eighth with an average purchase amount of $2,054.
In addition to Shiba Inu, the largest Ethereum whales are also scooping up decentralized oracle network Chainlink (LINK), Ethereum scaling solution Polygon (MATIC), smart contract platform Fantom (FTM) and decentralized exchange Uniswap (UNI).
Other coins on the list include stablecoins USD Coin (USDC) Tether (USDT) and Dai as well as Ethereum itself.
JUST IN: $SHIB is back on top 10 purchased tokens by 1000 biggest #ETH whales 🐳🐳
📈 #SHIB current price is $0.00002391, ups 9.6% over the last 24hrs
Woof! Woof! 🐕🐕
Whale leaderboard: https://t.co/28TDZ6JFiD pic.twitter.com/QqNrdYiJKg
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 25, 2022
One of the biggest altcoin buys this week includes a purchase from the richest Ethereum whale in the world. The deep-pocketed investor recently bought 49.99 billion SHIB worth about $1.20 million, according to WhaleStats.
Another whale, ranked within the top one thousand richest entities, was spotted scooping up 2.5 million of Ethereum-scaling solution Polygon (MATIC) worth about $3.50 million
In another whale sighting, the fourth-richest entity on the Ethereum network was glimpsed buying 3 million FTM worth about $4.47 million. The same whale was also caught devouring 300,000 Chainlink worth $3.67 million.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/delcarmat/WindAwake
This news is republished from another source. You can check the original article here