Following the largest thousand Ethereum (ETH) whales, WhaleStats periodically shares with its visitors which coins are in the whales' wallet and how much they are held. According to their latest data, major investors are holding 10 altcoin projects.
The concept of whale is a term belonging to the crypto money ecosystem, which is said for those who hold large amounts of crypto money. According to the data, the most held cryptocurrency after Ethereum was the popular meme coin Shiba Inu (SHIB). Tether (USDT) and USD Coin (USDC) coins stood out as the two stablecoins on the list. Game-oriented GALA also kept its place on the list. Polygon (MATIC), the popular Ethereum scaling solution, found its place at the end of the list.
However, it was the local tokens of cryptocurrency exchanges that left their mark on the list of altcoins most favored by Ethereum whales. Tokens from cryptocurrency exchanges FTX, OKEx, Crypto.com and Bitpanda made up the majority of the list.
FTT is the native cryptocurrency of crypto derivatives trading platform FTX, which was launched on May 8, 2019. OKB is the OKEx utility token that gives users access to the special features of the crypto exchange. Crypto.com Coin (CRO) is the native cryptocurrency of Crypto.com Chain, a decentralized, open-source Blockchain developed by Crypto.com payment, trading and financial services company.
Finally, BEST is the token of the Bitpanda ecosystem and offers the Bitpanda user a wide range of rewards and benefits in the Bitpanda ecosystem. Bitpanda Ecosystem Token (BEST) was launched by Bitpanda in August 2019 through Europe's most successful Initial Exchange Offering (IEO). More than 43 million euros were invested in BEST during the IEO. BEST is issued as an ERC20 token on the Ethereum blockchain network. During the IEO, 1 billion BEST was created (never increased) and 500 million BEST was offered, the rest being held by Bitpanda as company reserves. The funds raised are used to realize Bitpanda's vision of democratizing investments, further growing the platform and strengthening its expansion plans.