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The crypto market<\/span> continues to waver as we transition toward the second half of the year amid a regulatory crackdown in the U.S. But as trading volume continues to dwindle across centralized exchanges, some big crypto whales are still trading.<\/p>\n We decided to take a look at what six major crypto whales\u2019 wallets \u2014 a \u201cwhale\u201d in investing or gambling denotes a player with a lot of capital in play \u2014 are doing: where they park funds and how their activity signals movement in the market, according to on-chain portfolio data from Nansen.<\/p>\n The wallets are worth a total of $493.6 million, with almost 98% of their wallets\u2019 allocated on the Ethereum blockchain, the <\/span>data<\/span><\/a> showed. The wallets and their data were selected by Nansen to detail a series of active wallets; we will continue to explore other whale wallets over time to expand our sample set.\u00a0<\/span><\/p>\n A majority of the wallets include \u201c<\/span>wrapped<\/span><\/a>\u201d crypto assets, which is a tokenized version of the original coin that holds the same value. For example, there\u2019s bitcoin (BTC) and wrapped bitcoin (wBTC) and an investor would own the latter if they wanted to use bitcoin on the Ethereum network, which it doesn\u2019t operate on. It can, though, through the wrapped version.<\/span><\/p>\n Here\u2019s a look at six crypto whale\u2019s wallets ranging from \u201csmallest\u201d to largest:<\/p>\n Crypto wallet 1 with $18.25<\/a> million net worth:<\/strong><\/p>\n\n
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