Data from a whale-monitoring platform reveals that one of the largest whales in existence is snapping up five altcoins including FTX Token (FTT) and Polygon (MATIC) worth over $100 million.
WhaleStats shows that the Ethereum (ETH) whale, with crypto holdings worth over $17 billion, purchased tens of millions of dollars worth of FTX Token, the utility coin of crypto derivatives exchange FTX.
FTX Token is currently exchanging hands at $38.07.
The whale, which sits at number 557 in WhaleStats’ ranking of the largest non-exchange Ethereum wallets, also bought 4,250,000 MATIC tokens worth $8,79 million. Polygon, a blockchain scaling solution, is trading at $2.13 at time of publishing.
🐋🐋 An ETH whale just bought 4,250,000 $matic ($8,797,500 USD).
Ranked #557 on WhaleStats: https://t.co/b8k05tR68R
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 7, 2022
Next up is AAVE, the governance token of the lending and borrowing platform of the same name. WhaleStats shows that the crypto holder bought 17,893 AAVE equivalent to $3.67 million.
In a separate transaction, the affluent crypto holder also splurged on Chainlink, accumulating 61,401 LINK tokens worth $1.53 million. The native token of the decentralized oracle network is valued at $28.14.
Lastly, the Ethereum whale also purchased Wrapped Bitcoin (WBTC), a crypto asset that represents Bitcoin (BTC) on the Ethereum network. The whale gobbled 43 WBTC worth $1.80 million, according to WhaleStats.
In total, the whale spent over $101.30 million loading up on five digital assets. The large purchases were made amid a crypto market dip that witnessed the flagship cryptocurrency Bitcoin plummeting to a 90-day low of $40,672. Despite the downturn, many analysts believe that BTC will breach the six-digit mark this year.
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Featured Image: Shutterstock/Alberto Andrei Rosu/creativeneko