Top BSC whales are changing their crypto portfolios and here’s what they’re buying

February 20, 2022 Editor Altcoin 0

Analysis shared by the WhaleStatsBSC Twitter account showcased interesting holding behavior. The largest Binance Smart Chain whales were holding Bitcoin, Ethereum and several other major altcoins. But here’s what changed over 24 hours of trading in the holding activity.

Playing the long game

Binance Smart Chain (BSC) whales are not showing signs of slowing down their habit of accumulating more coins. The top 1,000 BSC rich entities were playing the long game as they acquired 11 cryptocurrencies both from the top 20 range of cryptocurrencies.

Source: Whalestats

Bitcoin and Ethereum, the top two digital assets were the favorites. It acquired 14.91% worth of BTC and 12.75% in ETH. Apart from this, Polygon’s MATIC, Polkadot (DOT) stood at the respective places seen above. Then came Dogecoin with roughly half the USD equivalent—$46,070,284.

Cardano’s ADA and LINK occupied spots 10 and 11.

Changing teams

Talking about memecoins, Shiba Inu (SHIB) took a major hit just within 24 hours. On 14 February, large wallet investors on the Binance Smart Chain accumulated 140 billion Shiba Inu tokens. This made Shiba Inu one of the most popular altcoins in whales’ wallets on the Binance Smart Chain. In fact, SHIB was a clear winner.

However, it quickly lost its place. The second most popular canine crypto, Shiba Inu, was ninth place on the 15 February list, equaling $26,252,727 in fiat.

Bitcoin, the largest cryptocurrency rose more than $44,000 for the first time since the end of last week. This highlights optimism over an easing of tensions around Ukraine renews investors’ appetite for riskier assets. Something that was quite obvious in the aforementioned holding pattern.

Other digital tokens also increased, with ETH jumping almost 7%, Solana up more than 9% and DeFi favorite Aave up around 7%.