A Top 10 ETH Whale Buys $3.9 Million SAND

Since Facebook announced the change of its name to “Meta” last October, the digital world has acquired a lot of attention, especially in the metaverse crypto tokens like SAND and MANA.

According to WhaleStats, the 8th biggest ETH whale named “Gimli”, that holds 1 Trillion SHIB as his third biggest asset, grew his SAND holdings by buying 585,844 SAND ($3.9 million), having a total of 3.1 million SAND ($19.5 million).

“Gimli” portfolio is approximately $2.2 billion, and his biggest holding is META that represents 76% of his portfolio. The whale “Gimli” also has ETH, MANA, FTM among his top ten holdings.

SAND is trending in the whale ecosystem in the last 24h

In the last 24h, SAND is ranked as the 4th most purchased coin, with an average quantity of 650 SAND ($4311) at the time of this writing. In fact, yesterday, the 2nd biggest Ethereum whale bought 859,518 SAND ($ 5,775,962), according to WhaleStats.

SAND is the utility coin of The Sandbox metaverse and is the 33th biggest cryptocurrency with a total of $5.6 billion of market capitalization at the time of this writing. It has been an amazing year for SAND with an explosive performance of +17,000%, which high momentum began after Facebook’s big announcement about entering the meta world.

SAND is trading $6.23 per coin at the time of writing, and it’s down 26% from it’s all-time high of $8.40 on November 25th, according to CoinMarketCap.

The Sandbox has gained a lot of attention in this last quarter, one of its biggest partnerships was with Adidas earlier this month, and had previous partnerships with Atari, celebrities like Snoop Dogg, Deadmau5, and Richie Hawtin, according to The Sandbox’s website.

ETH whales prefer SHIB

According to WhaleStats data, Shiba Inu is the biggest token position by dollar value on the top 1,000 Ethereum wallets and the second largest holding after ETH.

SHIB is another “joke” token like DOGE and is now the 13th biggest cryptocurrency with a total value of $19 billion. Although SHIB is down 55% from it’s all time high on October 27th, it’s still up more than 50,000% over the year. An interesting fact about a SHIB holder, is that one wallet that was worth $8,000 a year ago, was worth approximately $5.7 billion when SHIB reached its all time high.

It appears that SHIB is the whales’ favorite coin, and lately with the metaverse growing fast over this last quarter of the year, metaverse related coins such SAND and MANA are gaining a lot of attention from the largest ETH whales.