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Top 10 Cryptos Ethereum Whales Are Buying Now

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Intro

Cryptocurrencies are the most volatile financial tool. In 2022, the market capitalization ranges from $842 billion to $2.2 trillion. Such fluctuations create fertile ground for market manipulation. In addition, the value of digital assets is influenced by several factors: news background, interest in the project, legislative changes, etc. The actions of whales are also included in this list. When whales earn millions, ordinary investors also want to take their piece of the pie, so tracking which cryptocurrencies the wealthiest Ethereum whales buy is beneficial.

 

Top 10 Cryptocurrencies Ethereum Whales Are Accumulating Now

 

  1. USDC 
    At a time when the harsh crypto winter is raging, Ethereum whales turned their attention to stablecoins. One of the most popular stablecoins is the USDC. The project's developer is the consortium Centre, which includes the Coinbase exchange and the Circle company, the main developer. USDC is the second largest stablecoin.

    USDC was launched in the fall of 2018 and has become one of the leaders in capitalization growth among all projects. One of the factors of such rapid growth was the widespread introduction of its use on the most popular cryptocurrency exchange in the United States — Coinbase.com.

  2. USDT
    Even though USDT has been a leader among stablecoins for a long time, Ethereum whales hold this token slightly less than its rival, USDC. At some point, the wealthy Ethereum holders lost their trust in USDT amid the fall of TerraUSD. Many traders began to panic because of the possible repetition of such a scenario with Tether.

    This forced market participants to hurriedly sell their USDT, which is why the token's value deviated from $1 by a few cents. However, this was the end of the “fall,” and USDT managed to restore its pegging, restoring the Ethereum whales' trust.

  3. SHIB
    Despite its humor, Shiba Inu is the most popular meme coin held by the top Ethereum whales. Shiba Inu attracted a lot of attention in 2021 and continues to strive for market leadership. To date, this is not just a meme coin but a whole ecosystem of products, including a decentralized ShibaSwap exchange and several initiatives aimed at saving animals and supporting talented individuals.

    But SHIB attracted the most tangible popularity after the announcement of the launch of the Shibaverse metaverse. Within the framework of Shibaverse, the community can have fun and get financial opportunities. And the center of the entire ecosystem is SHIB.

  4. DAI
    Another stablecoin in the portfolio of the wealthiest Ethereum whales is DAI. DAI is a decentralized algorithmic stablecoin that was released by the MakerDAO platform. The collapse of TerraUSD also had a slight impact on DAI. However, the stablecoin proved its validity and kept the tight peg with the USD. The DAI stablecoin is backed with several cryptocurrencies, including USDC, Bitcoin, Ethereum, and other cryptocurrencies, which are deposited into smart contract vaults.

    The Maker protocol and its stablecoin are algorithmic by nature, just like UST, so for some time, investors had doubts about its reliability. Nevertheless, thanks to the over-collateralization mechanism, DAI was able to show excellent performance and is the leader of algorithmic stablecoins.

  5. BEST
    BEST is a native token of the Bitpanda investment platform, launched in 2019. Bitpanda is an investment service thanks to which users can effectively buy cryptocurrencies, stocks, ETFs, crypto indices, and other assets. To put it even more simply, this is a cryptocurrency exchange. Bitpanda specializes in providing investment solutions and various passive ways of earning.

    The BEST token provides a lot of benefits to both existing and future users of the ecosystem. Given the rapidly growing popularity of Bitpanda, the BEST token goes hand in hand with its success.

  6. BIT
    Next on the list is BIT, the native token of the BitDAO platform. BitDAO is a DAO that aims to support developers who contribute to developing a decentralized economy. BitDAO is an open platform for suggestions and discussion of ideas BIT token holders will vote for. To date, BitDAO is one of the largest and most innovative decentralized autonomous organizations supporting many projects, including DeFi, DAOs, NFT, and gaming. In turn, BIT is a governance token, and its holding allows you to take a direct part in the life of this project.

  7. MOC
    Mossland is a blockchain-based metaverse project in which real city objects interact with augmented reality elements. In the Mossland AR game, participants can view real buildings around them in real time and purchase virtual real estate online. Using the game’s cryptocurrency, Moss Coin, users can trade real estate and complement buildings with various AR accessories.

    Changing the familiar urban landscape with the help of various visual additions has a viral effect on users, which attracts increased attention to the game and, accordingly, to the native MOC token.

  8. WBTC
    Wrapped Bitcoin is an ERC-20 token whose price is pegged to BTC. WBTC is actively used to work with various DeFi protocols, including Kyber Network, Ren, Compound, Dharma, and others. Thus, users transfer the liquidity of Bitcoin to the Ethereum blockchain and significantly expand the range of interaction with the top cryptocurrency. Like any other stablecoin, WBTC is provided with native BTC, and at any time, they can be exchanged for original BTC, while the WBTC will be burned, i.e., the balance will not be violated.

    As for such popularity among investors and traders today, it is most likely caused by the collapse of FTX and Alameda. Due to a series of events, the WBTC rate lost pegging to BTC and is now trading below the target price, which allows investors to purchase a token and capture profits when the rate is restored.

  9. LOCUS
    Locus Chain became a popular option for investment among the Ethereum whale community. Locus Chain is an innovative public blockchain protocol that seeks to fully solve blockchain trilemma: scalability, decentralization, and security. As a highly scalable, secure, and decentralized blockchain, Locus aims to provide solutions to support many projects, including DeFi, GameFi, NFT, DEX, and even CBDC.

    Locus provides several novel technologies, such as AWTC (a technology that provides fast transaction processing regardless of the number of nodes) and dynamic sharding, which contributes to increased scalability and decentralization. LOCUS is the fuel of the ecosystem and is necessary to pay for Locus Chain services and applications. In addition, the token is used to participate in governance and receive rewards.

  10. EXM
    Tenth in the list, but not in importance, is the native token of Europe’s largest crypto exchange, EXMO. For investors, the benefit of acquiring a token is that each holder receives a reduction in trading fees, the ability to copy the transactions of other traders (copy trading), increased referral fees, favorable conditions for margin trading, and other advantages.

    To date, the EXMO exchange is one of the market leaders, and the native EXMO token is one of the top cryptocurrencies to be traded by crypto whales, including Ethereum ones.