The biggest Ethereum whales prefer to move about in the dark & trade in secret. However, thanks to blockchain technology, which is virtually an open book, every transaction to and from wallets and or exchanges are recorded. So let's see where the smart money is flowing. 

Decentralized exchange 

The number one token that whales are spending big on is FTX, within a 24 hr period  whales have purchased just over $445,000 USD on FTT coins. Now this may have something to do with the company valuation at approx. $25b after a recent funding round. During the making of this clip coingecko have list FTT with a market cap of just under $6b, which means that FTX is grossly undervalued. According to News Invesment Media Company, analysts are expecting a FTX breakout to the upside very soon. Most other analysts agree with this scenario playing out later this year or early 2022. 

Metaverse

Ethereum whales are also spending big on Decentraland (MANA) one of the first metaverse blockchains. Within a 7-day period over $74,000 USD worth of MANA was purchased. It's likely whales pumped money into MANA on the back of Facebook rebranding itself as Meta, which became a type of stepping stone towards solidifying the future of the metaverse. At roughly the same time MANA have also announced support for wallet connect and polygon across all decentraland Dapps, allowing players to seamlessly transfer assets between polygon and Ethereum. 

Another metaverse coin whales are spending big on is GALA, who are the creators of Zynga which is a highly reputable Mobile gaming company. On avg whales are making purchases of an average of $26,000 per transaction. The disadvantage that some metaverse projects have is retention as some players will get bored of the game and then go elsewhere for something new. Gala consists of several games within the GALAverse. With GALA if players get bored with a particular game they can play another game and still remain within the GALAverse I believe this is a strong point of retention and is why I think in the long run GALA will do exceptionally well. 

Sandbox is another gaming coin that whales are snapping up at an avg purchase of approx. $27,000 USD per transaction worth of SAND. Sandbox appears to be going head to head with major tech companies who are claiming that the metaverse is theirs. Sandbox has partnerships with Facebook, various celebrities, Atari, AMC TV series with shows such as “the walking dead”, “care bears” & “the smurfs”. SAND is also looking to expand beyond gaming and looking into architecture, fashion and virtual concerts.  Currently SAND has over 12,000 digital land owner's and $144M USD in gross merchandise value. 

Meme coin

The top 1000 Ethereum whales injected an insane $4.3B USD into Shiba Inu within 24 hrs snatching up an additional 4.3T coins, which they can add to their Shiba Inu bags. This is not a one off occurrence, the top 1000 whales seem to be constantly topping up on Shiba Inu, it seems that Whales are going all in one this one and it may very well be because the whales know something we don't.  Some suspect that it may be that Shiba Inu will eventually get listed on Robinhood despite that fact that Robin CEO Vlad Tenev denied the rumor that it will be listed on their platform. Since the top 10 exchanges all have Shiba Inu listed the belief is that Robinhood will eventually also list the coin or lose out on potential profits. Either way it appears that something big is coming, so watch this space closely. Think about this for a sec if only the rumor of Shiba Inu being listed on Robinhood caused a 800% pump, imagine what could happen once the listing is confirmed and Shiba goes live, we could possibly see a couple more zero’s taken out. The other thing to consider is that this is not just a meme coin like dogecoin. Shiba Inu has its own ecosystem, developing its own blockchain and it also has its own DeFi exchange known as Shibaswap. 

Stable coins

Ethereum whales are spending a combined $4M USD on stable coins such USDT & USDC. There tends to be a larger volume behind USDT as the asset tends to be more liquid. 

Must have coins

Whales are also spending big on must have coins like BTC spending $150,000 USD in the last month and especially Ethereum, whales have purchased aprox. $9 million worth of ETH in last month.