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
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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