Find out Ethereum whales’ favourite cryptos and add them to your watchlist.
Cryptocurrencies are growing tremendously, and several altcoins have taken the biggest hit in the market lately. Recently, with the market in peril, Ethereum whales are taking this opportunity to diversify their portfolios. Since they are capable of mobilizing a mammoth size of crypto and swaying market values, here is the list of the top 10 cryptocurrencies Ethereum whales are accumulating now.
Shiba Inu (SHIB)
The crypto whales have always been bullish on Shiba Inu, making it one of the top 10 cryptocurrencies Ethereum whales are accumulating now.
Shiba Inu has always been under the radar of Ethereum whales. With their large purchases and safe for the occasional hype-powered recoveries, they have managed to keep the meme coin in the minds of the broader crypto market
SHIB started gaining the attention of ETH whales after introducing SHIB to the metaverse. Moreover, SHIB is not merely driven by hype and sentiment as its ecosystem supports several useful utilities, including NFTs and a Defi-platform in ShibaSwap.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Token
Several large buys from Ethereum whales have shown bullish trends for FTT as they continue to accumulate it.
FTX has emerged as a novel exchange in the blockchain sphere, offering a special focus on giving momentum to cryptocurrencies. One key reason for FTX’s popularity is the crypto’s power-packed features, unheard of in conventional cryptocurrencies.
FTT is the top choice for Ethereum whales as the FTX exchange offers incentives to build up their positions in FTT.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Ethereum whale accumulation has triggered a spike in Chainlink’s on-chain activity.
Chainlink is an innovative blockchain project widely used by developers of decentralized finance and non-fungible tokens. LINK has significantly marked its position in the list of the top 10 cryptocurrencies Ethereum Whales are accumulating now.
A key reason why LINK is a good investment is that it has a commanding market share in the oracle industry. The crypto continues to onboard new partners through its oracle service, leading to the increased popularity of Chainlink.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
With increased institutional adoption, ADA has essentially positioned its place in the list of the top 10 cryptos Ethereum whales are accumulating now.
Cardano has seen an increase in institutional adoption thanks to its strategy of careful development. Ethereum started gaining massive attention with the rollout of the Alonzo smart contracts and its successful debacle with its decentralized exchange, SundaeSwap.
The renewed interest from the whales is the upcoming Vasil Hard Fork Upgrade which will massively enhance the network's scalability and performance.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
USD Coin (USDC)
USDC is the new favourite of Ethereum whales now.
The crash of Terra has led several Ethereum whales to accumulate the popular stablecoin, USDC. As per reports, they own more than $826 million worth of USD Coins. This is because USDC is one of the most promising candidates in the stablecoins space. It is easily transferable between two parties, both of whom have an Ethereum wallet, within a matter of seconds.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
Despite the recent stablecoin crash, Tether has managed to rank itself in the list of the top 10 cryptos Ethereum whales are accumulating now.
With the massive collapse of the TerraUSD, stablecoins have been a major focus for the crypto community, and the Ethereum whales are no exception. This blockchain-based cryptocurrency is pegged to the U.S. dollar. However, despite the controversies, new Tether is being minted as demand continues to increase.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Ethereum whales are putting their focus on Polygon tokens, pushing MATIC’s price higher.
Built on the Ethereum blockchain, Polygon extends the blockchain into a multichain network. Thanks to sidechains, the network is a multi-level platform that scales Ethereum. Polygon essentially reduces costs by rerouting transactions.
Moreover, the crypto’s strong focus on scalability makes it highly attractive for decentralized applications that run on the Ethereum blockchain.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
The next addition on the list of the top 10 cryptocurrencies Ethereum whales are accumulating now is Decentraland, the rising metaverse.
The Ethereum whales are also into gaming coins, and MANA is one of the top cryptos among them. They currently own nearly $330 million of MANA tokens. Decentraland has emerged as one of the hottest games and crypto tokens in the market.
Additionally, investing in Decentraland, the blockchain-based game, would provide strong exposure for investors to the metaverse.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Axie Infinity (AXS)
Axie Infinity is another hot gaming token that ETH whales are accumulating now.
Axie Infinity has extended its features to the metaverse, making it alluring for investors and crypto whales. AXS is a blockchain-related trading game partially owned and operated by its players.
Moreover, the Axie Infinity team has also launched a decentralized exchange called Katana. Although the trading pairs are limited, the exchange permits investors to engage in yield farming, creating yet another potential passive income stream for holders of the AXS token.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Sandbox (SAND)
The continuous capital inflows from major players have solidified SAND’s position in the list of the top 10 cryptos Ethereum whales are accumulating now.
The Sandbox offers multiple options for capital appreciation for investors outside of SAND tokens, making it an ideal investment option. The key focus of Sandbox is on user-generated content that develops the platform.
Increased Interest from the gaming industry, especially from corporate giants like Atari, has pushed the metaverse project to new levels of popularity.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The list of the top 10 cryptos Ethereum whales are accumulating now shows that they have an eye on some of the most profitable digital currencies in these volatile times. Since investors often look towards whales as signs of wider market trends, these coins could be a potential buy now.
Read More:
The 5 Best Ways To Buy Chainlink (LINK)
The 5 Best Ways To Buy Polygon (MATIC)
How To Buy Decentraland (MANA)
7 Cryptocurrencies With Better Investment Potential Than Ethereum