Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged. There has since been a slowdown in the selling but BNB whales are still getting rid of the troubled stablecoin in high numbers.
Bitcoin Supply Is Becoming Less Concentrated On Whales With Time, Glassnode Reveals
Data from Glassnode has revealed that the Bitcoin supply is gradually dispersing from whales and exchanges to smaller hands with time.
Bitcoin Supply Is Slowly Showing Dispersal Towards Smaller Holders
According to a new report published by the on-chain analytics firm Glassnode, investors holding less than 50 BTC have recently absorbed the most significant volume of coins.
Something that BTC critics often hold up against the cryptocurrency is the distribution of the supply. They argue that the supply is heavily concentrated around a few whales, providing the existence of large wallets as evidence.
Shiba Inu Whales Shed Trillions Of Tokens On Shibarium’s Launch Day
The number of Shiba Inu tokens held by large investors, or “whales,” dropped significantly on March 11, the day of the eagerly awaited public beta launch of Shibarium, also known as PuppyNet.
Finally, after much anticipation, Shiba Inu’s lead developer Shytoshi Kusama announced that the beta version of Shibarium is now available to the public. Kusama asserted that a massive, global, and decentralized community needed a decentralized Layer 2 network.
Shibarium Early Beta Goes Live
SHIBARIUM EARLY BETA TEST IS LIVE!
Today, more than ever, we see the need for a truly decentralized L2 network that powers the projects of a large, global, decentralized community.
Polygon (MATIC) Tops List Among ETH Whales Ahead Of zkEVM Launch
The Polygon network will launch its Zero Knowledge Ethereum Virtual Machine Beta by March. The community has been anticipating this launch as part of the significant upcoming development of Polygon. Also, its hype has helped push MATIC with an impressive performance over the past 30 days.
Recent reports revealed that Polygon (MATIC) had joined the Top 5,000 ETH whales’ most purchased token amid the upcoming Launch. Data by WhaleStats showed that the whales now hold up to $ 204.7 million MATIC. As a result, Polygon (MATIC) is tailing after SHIB as the second-largest token held by the top 5000 ETH whales.
Bullish: Shiba Inu Becomes Largest Token Holding Among Top Ethereum Whales
Shiba Inu has gained ground tremendously over the past week as its price continues to see double-digit gains. With this newfound momentum has come renewed interest from investors and Ethereum whales are notably taking advantage of SHIB’s growth during this time.
Ethereum Whales Boost Shiba Inu To Top Holding
The year 2022 actually saw the price of Shiba Inu fall over 80% from its all-time high, triggering immense bearish sentiment among its investors. During this time, the 5,000 largest Ethereum whales, who had collectively held over $ 1 billion worth of SHIB at one point, would reduce their holdings drastically. This saw Shiba Inu’s position as the largest token holding by dollar value among these large investors eradicated over time.
Shiba Inu Rises Another 4%, Becomes Most Traded Token Among Top 100 Ethereum Whales
Shiba Inu has seen 4% gains in the past 24 hours as the meme coin becomes the most traded token among the top 100 Ethereum whales.
Biggest Ethereum Whales Are Actively Trading SHIB
As per data from the crypto whale tracker service WhaleStats, Shiba Inu has been the number one traded coin among the 100 biggest Ethereum whales today.
JUST IN: $ SHIB @Shibtoken flipped $ CRV for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $ BBW to see data for the top 5000!)#SHIB #CRV #whalestats #babywhale #BBW pic.twitter.com/hhs5v5luI0
Bitcoin Bullish Signal: Large Whales Accumulated 37,100 BTC In Last 10 Days
On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong.
Large Bitcoin Whales Have Added 37,100 BTC To Their Holdings In Recent Days
As per data from the on-chain analytics firm Santiment, multiple Bitcoin holder groups have displayed some strong accumulation recently. The relevant indicator here is the “BTC Supply Distribution,” which tells us which wallet groups on the network are holding what percentage of the total supply right now.
Polygon Rises 3% In Last 24 Hours As Whales Buy MATIC
Polygon has surged 3% in the last 24 hours as data shows Ethereum whales have been shopping up MATIC this New Year.
500 Biggest Ethereum Whales Have MATIC In Their Top 10 Purchased List
2022 was an abysmal year for Polygon investors as the cryptocurrency finished the year with losses amounting to more than 70%, but the coin has had a more optimistic start to 2023.
At the time of writing, MATIC is trading around $ 0.7795, up 3% in the last 24 hours. Here is a chart that shows the trend in the price of the asset over the last five days:
Shiba Inu Continues Decline, But Remains Top Dog Of Ethereum Whales
Shiba Inu has declined another 3% in the last 24 hours, but the meme coin remains the top dog of the Ethereum whales.
Shiba Inu Continues To Slide, But Whales Hold Onto It
Recent months haven’t been the best for the cryptocurrency market, as even the top coins like Bitcoin and Ethereum have suffered deep negative returns, but SHIB has had it especially worse lately.
At the time of writing, Shiba Inu is trading around $ 0.00000795, down 3% in the last 24 hours. Below is a chart that displays the trend in the asset’s value during the past month.
Shiba Inu Falls Out Of Favor With Ethereum Whales, Will This Affect SHIB Price?
For the longest time, the meme coin Shiba Inu (SHIB) had been an Ethereum whale favorite. This support was driven by the rapid growth of the cryptocurrency that netted some of these whales millions of dollars in profit. However, with the crypto winter, SHIB has suffered one of the worst declines, causing Ethereum whales to move away from the meme coin.
Shiba Inu Falling Out Of Favor
At one point, the Shiba Inu holdings of the top 5,000 largest Ethereum whales had reached as high as $ 1 billion at its peak. Since then, there has been a steady decline in the price of the digital asset and the whales have exited a good portion of their positions over time.
Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017
On-chain data shows the Litecoin “mega whales” now hold around 15.4% of the total supply, the highest value in more than five years.
Litecoin Addresses With 1 Million Or More LTC Now Hold Highest Supply Share Since June 2017
According to data from analytics firm Santiment, LTC’s mega whales have been busy accumulating during the last five weeks. The indicator of interest here is the “LTC Supply Distribution,” which tells us which wallet groups are carrying what percentage of the total Litecoin supply right now.
Dogecoin Declines 6% Over Past Day As Whales Show Movement
Dogecoin has declined by around 6% over the last 24 hours, as data shows signs of dumping from the whales.
Dogecoin Whale Deposits To Exchanges Spotted On The Chain
As per data from the crypto transaction tracker service Whale Alert, there have been some large DOGE movements during the last day.
The first of these transfers measured to 212,300,000 DOGE, worth around $ 26 million at the time the transaction took place.
Such large transactions on the chain usually belong to a single whale, or an entity made up of multiple investors.
Dogecoin (DOGE) Whales Are Preparing For Elon Musk’s Twitter Takeover
Billionaire Elon Musk is inching further toward his eventual takeover of Twitter and Dogecoin (DOGE) whales are positioning in preparation for the takeover. Musk’s deal to acquire the social media platform has been one fraught with roadblocks along the way, but the two parties have now reached an agreement to facilitate the purchase. Now, the Dogecoin community is anticipating the finalization by Dogecoin’s biggest supporter.
Moving The Coins Around
Following a report from Bloomberg, it is expected that Elon Musk would be taking ownership of Twitter this week. The news definitely triggered a reaction from the Dogecoin community, leading to a rise in DOGE trading volumes. However, the most interesting activities are those of Dogecoin whales who have been moving around large amounts of tokens.
Ethereum Whales Reduce Shiba Inu Holdings By More Than 50%
Ethereum whales have been shedding some weight in the last couple of weeks. This time around, their focus has rested on the popular meme coin Shiba Inu, which continues to boast a very active community, but the price has refused to follow the same direction. Following the downtrend, Ethereum whales which have always seemed to be the biggest supporter of the cryptocurrency, have now reduced their bags by a large margin.
Ethereum Whales Shed More Weight
Crypto Whale’s $200 Million Short Triggers 8.5% Bitcoin Price Plunge
On June 30, according to a cryptocurrency trader, a single investor on Bitfinex placed a 20,000 BTC short order, betting more than $ 200 million that the bitcoin price would go down in the near term. Overnight, the bitcoin price fell from $ 11,900 to $ 10,765 as the valuation of the crypto market dropped by well over […]
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Bitcoin Whales Are Cashing in as Gains Slip Away
After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $ 14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their […]
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Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
Cryptocurrency markets experienced a long bearish cycle last year which has continued into 2019. With some of the top cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) losing significant fiat value, large holders, otherwise known as ‘whales,’ have been able to accumulate massive amounts of digital assets. According to the top 100 rich list addresses for both coins, the world’s richest bitcoin holders have taken full advantage of ‘weak hands’ and discounted prices.
Also read: Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized
Previously Inactive Whales Are Moving Large Amounts of BTC
Earlier this week, armchair sleuths began pointing out that large amounts of cryptocurrency from long-dormant addresses have been on the move. For instance, one wallet that’s been inactive since its inception in 2013 moved 66,452 BTC — worth around $ 245 million — to an unknown address. Hours later, a few more addresses from the top 20 rich list moved another $ 728 million worth of BTC.
Also read: Eight Historic Bitcoin Transactions
Whales Have Been Accumulating Ethereum (ETH) Throughout the 2018 Bear Market
Large-scale whale investors have reportedly used the ongoing cryptocurrency bear market to accumulate vast sums of Ethereum (ETH). According to a recent report by crypto market research group Diar, more ETH was accumulated by ‘whale’ addresses in 2018 than any other period in history. Through 11 months of the year, nearly 10 million ETH have been accumulated, […]
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Crypto Whales [Who Haven’t Sold] Nearly Doubled Their Ethereum Holdings This Year
The 2018 bear market has been gut-wrenching for many investors, with the bitcoin price down 80 percent from its all-time high and most other assets suffering from declines of 90 percent or greater. Prices have fallen so far, and stayed down for so long, that many investors who bought cryptocurrency in early 2017 but remain
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