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Crypto Asset Overtakes Shiba Inu (SHIB) As Biggest Altcoin Holding Among Top 500 Ethereum Whales

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The world’s richest Ethereum (ETH) whales are now holding massive amounts of one stablecoin and two additional altcoins, according to the blockchain tracker WhaleStats.

The top 500 ETH addresses on record now hold more of Circle’s dollar-pegged stablecoin, USD Coin (USDC), than any other asset.

The whales own $1.64 billion worth of USDC, representing 13.38% of the whales’ non-Ethereum holding.

Second on the list is the popular meme coin Shiba Inu (SHIB). The top 500 Ethereum whales hold more than $1.53 billion worth of SHIB, amounting to nearly 12.5% of their non-ETH holdings. Shiba Inu, the 15th-ranked crypto asset by market cap, is trading for $0.000023 at time of writing and is down 8% in the past seven days.

The richest ETH whales’ third-largest non-Ethereum holding is FTX Token (FTT). They hold more than $1.52 billion worth of the crypto asset, representing nearly 12.4% of their non-ETH holdings.

Source: WhaleStats/Twitter

FTT is the exchange token of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens and over-the-counter…

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