Mysterious Crypto Whales Accumulating Polygon and $271,000,000 Worth of Ethereum-Based Exchange Altcoin

Several of Ethereum’s biggest whales are loading their bags in a major way as the markets try to stabilize after a rocky week of trading.

According to the transaction aggregator WhaleStats, a number of cryptocurrency wallets with the root name of “BlueWhale” have been splurging hundreds of millions of dollars on discounted altcoins.

The wallet with the handle BlueWhale0117 spent $4.2 million to acquire 5,192,453 tokens of the layer-2 scaling solution Polygon (MATIC).

BlueWhale0117 is currently ranked #79 among rich whales, with a wallet currently worth more than $160 million.

The data crunching site reports that BlueWhale0116 has also been gorging on FTX Token (FTT), native asset of the FTX cryptocurrency exchange.

The whale initially paid a staggering $213.2 million for 7,112,942 FTT several days ago, then on Tuesday went back for seconds and bought another 2,180,000 tokens with a price tag of $58 million.

BlueWhale0116, with a total account value of $34,237,463, currently ranks #381 on WhaleStats.

Another crypto wallet with the mysterious “BlueWhale” prefix is the 82nd wealthiest bag named BlueWhale0097, whose holdings are worth nearly $155 million at time of writing.

BlueWhale0097 also took a shine to FTX Token, yesterday dropping $11.7 million to secure 420,995 FTT.

The wallet was particularly interested in the Solana-based decentralized exchange (DEX) Serum and ended up making three big SRM purchases in less than 30 minutes on Monday.

BlueWhale0097 first acquired 12,299,999 SRM worth $11.5 million, then tucked away 9,999,999 SRM valued at $9.35 million, and finished by grabbing another 10,003,937 SRM also with a price tag of $9.35 million.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Design Projects




Source link

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts