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Here’s Why Venture Capitalists & Whales are Keen on Holding These Top Crypto Sectors!

6 Oct, 20222 min readRegulation
Here’s Why Venture Capitalists & Whales are Keen on Holding These Top Crypto Sectors!

VCs Opt for Multi-Chain Smart Contract Platform Rather Than Metaverse/NFTs

Smart Contract platforms are believed to be the most thriving sector of the crypto space, which may largely dominate in the coming days. Hence, the majority of the crypto funds are now stuck up within these sectors, which may suggest a potential rise in the near future. Venture capitalists (VCs) are presently holding smart contract platforms at the highest level compared to the other market sectors while metaverse & NFTs have not made it to the list.

These are the top assets held by crypto funds/VCs by market sector:1. Smart Contract Platforms2. DEXs3. Data Management4. Lending 5. File Storage — Miles Deutscher (@milesdeutscher) October 6, 2022

Considering the VC’s perspective, the future of the crypto space is embedded within multi-chain smart contract platforms that offer preferred risk-adjusted market exposure. The other outcome of the data can be drawn as DEX’s needed infrastructure to accommodate the predicted influx of users. And thirdly, the platforms that manage the data, record its storage, etc., can be considered a growing sector.

SHIB Held Largely by Ethereum Whales

As the SHIB prices are anticipated to soar high in the coming days, the rate of adoption also has risen in recent times. Shiba INU has been the leader of the holdings held by the top Ethereum whales lately. The new data suggests that the top 500 Ethereum Whales are constantly accumulating Shiba Inu as it tops the leaderboard of the most held tokens.

The top 500 #ETH whales are hodling$142,269,528 $SHIB$76,541,080 $BIT$63,992,490 $UNI$49,893,461 $MKR$49,723,861 $LINK$47,569,520 $LOCUS$39,777,703 $MANA$37,837,200 $MOCWhale leaderboard — WhaleStats (tracking crypto whales) (@WhaleStats) October 5, 2022

Apart from SHIB, which is the biggest token position by dollar value, Chainlink(LINK) is the most widely held token, while stETH is the most traded token among the Ethereum whales. After Ethereum, USDC & USDT, the whales are holding more than 122 million SHIB tokens worth $142.26 million at the moment.

Shiba INU has left behind stETH, wBTC, BIT, DAI, LOCUS, UNI, etc as the demand for the smart contract platform has surged in recent times.

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