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Crypto whales are pouncing on eight Ethereum-based altcoins amid a slump in the cryptocurrency market

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At time of writing, SHIB is down 5% at a price of $0.000039 per token. According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets accumulated the meme coin Shiba Inu (SHIB) above all other Ethereum-based tokens in the last 24 hours.

The altcoin soared 37% after the platform released an integrated crypto wallet and has since retraced to $1.47 per BAT.

Next up, the whales pounced on Basic Attention Token (BAT), which is the native asset of the Brave browser ecosystem.

The fourth-largest Ethereum-based altcoin purchase among Ethereum whales in the last day is USD Coin (USDC), a stablecoin designed to maintain a constant peg to the US dollar.

The gaming and non-fungible token (NFT) platform Enjin Coin (ENJ) and the social sports token Chiliz (CHZ) are number four and five on the list of most purchased Ethereum-based coins, respectively.

At number six on the list is Dogelon Mars (ELON), which is a meme coin competitor to Shiba Inu (SHIB) and Dogecoin (DOGE).

The gaming and metaverse token Decentraland (MANA) comes in at number seven and Ethereum Name Service (ENS), which is the governance token of the NFT domain-linking platform, rounds out the list.

When looking at the overall altcoin holdings of the 1,000 whales in question, they are hoarding Ethereum (ETH) itself above all other tokens.

Source: WhaleStats

That’s followed by Shiba Inu (SHIB), and the crypto exchange tokens FTX Token (FTT) and Crypto.com Coin (CRO).

Source: WhaleStats
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