Part of the beauty in crypto is it’s pseudonymity. Since blockchains are inherently permissionless, we can see all the biggest crypto whales, their holdings, and their transaction histories.
The wallet data in this article is supplied from whalestats.com. Whalestats specifically tracks the top 1000 largest Ethereum, Fantom, Polygon, and Avalanche wallets – and known exchange and project wallets are removed. On average, these wallets are worth about $193M USD.
SHIB & FTT – Biggest Holdings
SHIB & FTT are both relatively new tokens in the crypto market. Shiba Inu launched in August 2020 by an anonymous person known as ‘Ryoshi’, while FTX is a crypto exchange with its own token (FTT) that launched in 2019.
SHIB currently constitutes 16.77% of total altcoin holdings held by whalestats’ biggest crypto whales, and FTT represents 16.57%.
SHIB is a very whale-heavy token, as 26% of its total supply is held within 100 wallets. The average SHIB value held within these wallets is $79,400,000.
SHIB recently scored >80% Daily and Weekly Token Metrics Grades, and the TM Low-Frequency Trade Signal has accordingly flashed bullish. These daily and weekly TM grades indicate that SHIB is experiencing significant upward momentum, however, the long-term projection for SHIB is still unclear (indicated by the low monthly TM grade).
FTX Token (FTT) is currently the most purchased and sold altcoin by whalestats’ 1000 Ethereum whales over the past 30 days. Whales have shown clear interest in this coin, and the price of FTT has increased by over 50% since forming its January bottom.
FTT has rebounded strongly over the past two weeks, and it is currently moving with momentum similar to SHIB. Likely as a result FTT’s legitimacy as a popular exchange token, FTT maintains all-around bullish TM grades.
LINK – Most Traded
Currently, Chainlink is the ERC-20 token with the most whale transactions over the past 24 hours. From this metric, we can see Ethereum whales are showing increasing interest in Chainlink.
For over a year, LINK’s price chart has moved sideways within an accumulation pattern. Chainlink is a massively connected protocol with big plans for the future, and it seems that whales are buying in preparation for this.
UNI – Most Distributed
Uniswap is the most widely held ERC-20 token by Ethereum’s top 1,000 largest wallets. However, Ethereum whales do not hold a significant portion of value in the UNI token. Rather, it seems whales hold UNI to participate in Uniswap’s governance protocol.
In terms of high market cap tokens, whales are increasingly showing interest in FTX, LINK, CRO, FTM, SAND, MATIC, and GALA. All of these coins have experienced significant upward momentum during the crypto market’s recent rebound.