The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH and eight additional altcoins running on the leading smart contract platform.
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.
At time of writing, SHIB is down 5% at a price of $0.000039 per token.
Next up, the whales pounced on Basic Attention Token (BAT), which is the native asset of the Brave browser ecosystem.
The altcoin soared 37% after the platform released an integrated crypto wallet and has since retraced to $1.47 per BAT.
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.
When looking at the overall altcoin holdings of the 1,000 whales in question, they are hoarding Ethereum (ETH) itself above all other tokens.
Check Latest News Headlines
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/Creative’s Basket/Vladimir Sazonov