Data provided by whale watching platform WhaleStats shows that one of the largest whales in existence has bought five altcoin projects, including FTX Tokens (FTT) and Polygon (MATIC) for over $100 million, from bottom fiadollarsars.
Altcoin whale spent more than $101.30 million
Kriptokoin.com , whose data we share, WhaleStats, crypto wallet over $17 billion Ethereum (ETH) whale , showing that crypto derivatives exchange FTX has purchased tens of millions of dollars worth of cryptocurrencies:
- In one transaction, the whale bought 1,408,969 FTT worth $49 million at the time of purchase.
- A second transaction saw ballilna purchase 1,049,990 FTT worth $36.51 million.
The whale, which is ranked number 557 in WhaleStats’ largest over-the-counter Ethereum wallets ranking, also purchased 4,250,000 MATIC tokens worth $8.79 million. Polygon, a blockchain scaling solution, is trading at $2.05 at the time of writing.
Next, the lending and borrowing platform’s governance token AAVE. WhaleStats shows that the colossal whale purchased 17,893 AAVEs, the equivalent of $3.67 million. In a separate transaction, the same whale also jumped to Chainlink, accumulating 61,401 LINK tokens worth $1.53 million. Finally, the Ethereum whale also bought Wrapped Bitcoin (WBTC), a cryptocurrency that represents Bitcoin (BTC) on the Ethereum network. According to WhaleStats, the whale swallowed 43 WBTC worth $1.80 million.
Whales keep accumulating from bottoms
In total, the whale has spent more than $101.30 million uploading five altcoin projects. The big buys were made during a correction that saw the leading cryptocurrency Bitcoin drop to its 90-day low of $40,672. Despite the setback, many analysts believe BTC will break the six-digit mark this year.