One of the perks of blockchain-based technologies and public ledgers is that… well, they are public. This means anyone can tap into the data and receive valuable insights.
Large holders have long been touted as entities with sufficient market knowledge and experience and are oftentimes being looked up to. In this article, we take a closer look at the 100 largest Ethereum-based addresses and their holdings. Let’s find out what the whales hold.
Top Ethereum Whale Holdings
The data for this analysis was provided by the popular whale-tracking resource – Whale Stats. It appears that $1.7 billion is invested in the native token of the prominent cryptocurrency exchange – FTX. FTT token accounts for almost 19% of the total holdings.
Interestingly enough, right after that is the popular memecoin Shiba Inu (SHIB). Top whales hold a whopping $1.27 billion worth of SHIB which accounts for about 14.15% of their portfolios.
Most recently, CryptoPotato reported that one of the large ETH whales – number 216 at the time – bought a whopping $89 million worth of SHIB in a single transaction.
Apart from lesser-known tokens that account for 7.5% of their portfolios, other preferred cryptocurrencies include the two most-popular stablecoins – USDC and USDT, BEST, MATIC, Decentraland’s MANA, Chainlink, and so forth.
The Biggest Whale of Them All
As mentioned, the above data doesn’t take into account the ETH held in these accounts. In any case, the largest Ethereum address is actually the ETH 2.0 depositor contract.
At the time of this writing, it holds over 10,694,610 ETH worth a whopping $31.9 billion.
And yet, the ETH 2.0 depositor contract isn’t the leading one by means of staked value. Data from Staking Rewards reveals that Solana is currently in the lead with over $36 billion. However, the competition between Solana and Terra is as steep as it gets, and both ecosystems fight for the lead daily.