Alt Coin

Massive Ethereum Whale Begins Accumulating Four Altcoins As Bitcoin and Crypto Markets Recover

One mega-whale simply went on an altcoin buying spree to the tune of $30.6 million.

The blockchain-transaction tracker WhaleStats reveals that the Ethereum whale pockets named Light bought 399,999 OMG for $2,451,999.

The OMG Foundation, previously often called OMG Network, is layer-2 Ethereum scaling resolution that integrates with mainstream wallets. The 122nd-ranked crypto asset, OMG, is priced at $5.95.

The 4th-richest whale pockets additionally purchased a cool million value of decentralized oracle community Chainlink (LINK) for a complete of $25,170,000.

At time of writing, Chainlink is the Seventeenth-ranked cryptocurrency and buying and selling for $25.19.

The pockets additionally loaded up on fashionable meme coin Shiba Inu (SHIB), shopping for a staggering 58.9 billion tokens for $1,906,592.

Shiba Inu has been combating its approach again from month-to-month lows on January ninth and is at the moment valued at $0.00003.

The final altcoin on Light’s to-do checklist was play-to-earn blockchain gaming platform Gala (GALA). The whale tucked away 3,260,000 GALA tokens for $1,137,691.

Gala is having a tough begin to the brand new yr, having fallen from $0.45 to its present valuation of $0.32.

WhaleStats experiences that Light additionally made an enormous purchase of the Bitcoin-pegged token Wrapped Bitcoin (WBTC), dropping a mind-boggling $86,428,000 on 2,000 WBTC.

Wrapped Bitcoin is at the moment value $42,849, the identical as high crypto Bitcoin (BTC).

Finally, WhaleStats tweeted that SHIB has change into the most well-liked token among the many main Ethereum wallets with 15.75% of all holdings.

“Just in: SHIB Shibtoken had come back to be [the] biggest token position by dollar value among the top 1000 ETH whale wallets.”

Source: WhaleStats

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Featured Image: Shutterstock/Alberto Andrei Rosu/Andy Chipus/Vladimir Sazonov

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