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January 20, 2022
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Large Ethereum Whale Splurges Over $100,000,000 on FTX Token (FTT), Polygon (MATIC) and Three Other Crypto Assets

Data from a whale-monitoring platform reveals that one of many largest whales in existence is snapping up 5 altcoins together with FTX Token (FTT) and Polygon (MATIC) price over $100 million.

WhaleStats reveals that the Ethereum (ETH) whale, with crypto holdings price over $17 billion, bought tens of thousands and thousands of {dollars} price of FTX Token, the utility coin of crypto derivatives trade FTX. 

In one transaction, the whale bought 1,408,969 FTT price $49 million at time of buy. A second transaction saw the crypto investor purchase 1,049,990 FTT price $36.51 million.

FTX Token is at the moment exchanging arms at $38.07.

The whale, which sits at quantity 557 in WhaleStats’ rating of the biggest non-exchange Ethereum wallets, additionally purchased 4,250,000 MATIC tokens price $8,79 million. Polygon, a blockchain scaling resolution, is buying and selling at $2.13 at time of publishing. 

Next up is AAVE, the governance token of the lending and borrowing platform of the identical identify. WhaleStats reveals that the crypto holder purchased 17,893 AAVE equal to $3.67 million.

In a separate transaction, the prosperous crypto holder additionally splurged on Chainlink, accumulating 61,401 LINK tokens price $1.53 million. The native token of the decentralized oracle community is valued at $28.14. 

Lastly, the Ethereum whale additionally purchased Wrapped Bitcoin (WBTC), a crypto asset that represents Bitcoin (BTC) on the Ethereum community. The whale devoured 43 WBTC price $1.80 million, in accordance with WhaleStats.

In whole, the whale spent over $101.30 million loading up on 5 digital belongings. The giant purchases have been 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 imagine that BTC will breach the six-digit mark this yr.

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Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Alberto Andrei Rosu/creativeneko

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