The second largest Ethereum whale in existence is amassing millions of dollars from two ETH-based altcoin projects. For details cryptocoin.com keep reading.
Ethereum whale collects altcoin projects MATIC and GRT
According to whale watching platform WhaleStats, the deep-pocketed crypto investor has collected $4.2 million worth of layer-2 scaling solution Polygon (MATIC) and $3 million worth of Blockchain indexing protocol The Graph (GRT).
According to ETH search engine EtherScan, the massive address includes approximately 50,000 ETH worth $1.92 billion, 38.7 million FTX Tokens (FTT) worth $1.47 billion, and 105 million stablecoin Tether (USDT) worth $105 million. It has just over $3.8 billion in total crypto assets. With the crypto investor’s recent transaction, The Graph becomes the ninth largest altcoin holdings in the whale. Because the big wallet has a total of 32.8 million GRT, currently worth $19 million.
The acquisition also put Polygon at number 17 on the whale’s top 20, raising the total MATIC stake to 3.3 million, worth approximately $7 million. MATIC, FTT, and USDT are the three most popular ETH-based altcoins among deep-pocketed investors, according to a WhaleStats heatmap.
About 6% of the top 1,000 Ethereum wallets are made up of FTT, with USDT accounting for around 4.5% of the total. MATIC sits at 1.1% while GRT is not listed. Other notable crypto assets held by ETH whales include the popular dog-themed meme coin Shiba Inu (SHIB) and OKB, the native token of crypto exchange platform OKEx Blockchain Foundation.
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