According to data from a whale watching platform, one of the largest whales in existence bought five altcoins at discounted prices, including FTX Token (FTT) and Polygon (MATIC), following the market correction. The giant whale paid more than $100 million to these 5 altcoins.
WhaleStats data shows that the Ethereum (ETH) whale, which has over $17 billion in crypto assets, is the service coin of crypto derivatives exchange FTX. From FTX Token (FTT) It shows that he bought tens of millions of dollars worth.
In just one transaction, Whale bought 1,408,969 FTTs, worth $49 million at the time of purchase. The second transaction made by the giant address showed that the crypto investor had purchased 1,049,990 FTT worth $ 36.51 million.
According to CoinGecko data, the FTX Token is currently trading at $37.46.
The whale, which is ranked at number 557 in WhaleStats’ ranking of the largest Ethereum wallets over the stock market, has 4,250,000 dollars worth $8.79 million alongside FTX purchases. Polygon (MATIC) bought the token. Polygon, a blockchain scaling solution, is trading at $2.05 at the time of writing.
🐋🐋 An ETH whale just bought 4,250,000 $matic ($8,797,500 USD).
Ranked #557 on WhaleStats: https://t.co/b8k05tR68R
Transaction: https://t.co/uyMggkEoOv#ethereum #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 7, 2022
Next up in the whale’s bottom picking cart is the management token of the lending and lending platform of the same name. AAVE exists. WhaleStats data shows that the crypto investor received 17,893 AAVE worth $3.67 million.
Again in a separate transaction, the wealthy cryptocurrency whale, to Chainlink (LINK) He also spent money and bought 61,401 LINK tokens worth $1.53 million. The native token of the decentralized oracle network is worth $27.72 at the time of writing.
Finally, the 557th largest Ethereum whale is a crypto asset that represents Bitcoin (BTC) on the Ethereum network. Wrapped Bitcoin (WBTC) also bought. According to WhaleStats, the whale swallowed 43 WBTC worth $1.80 million.
In total, the whale added five digital assets to its bag and spent more than $101.30 million on them. These big buys were made during a crypto market downturn, when the flagship cryptocurrency Bitcoin fell as low as a 90-day low of $39,692. Despite the correction in the market, many analysts believe that BTC will reach six-digit prices this year.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.