Second-Largest Ethereum Whale on Record Just Executed a Massive Altcoin Purchase: WhaleStats

The second-largest Ethereum whale in existence is accumulating hundreds of thousands of {dollars} value of two ETH-based altcoins.

According to whale-watching platform WhaleStats, the deep-pocketed crypto investor collected $4.2 million value of layer-2 scaling answer Polygon (MATIC) and $3 million value of blockchain indexing protocol The Graph (GRT).

The huge deal with holds simply above $3.8 billion in general crypto belongings, together with almost 50,000 ETH value $1.92 billion, 38.7 million FTX Tokens (FTT) value $1.47 billion, and 105 million of stablecoin Tether (USDT) value $105 million, in line with ETH search engine EtherScan.

The crypto investor’s latest transaction brings The Graph into the whale’s high altcoin holdings at quantity 9 as the massive pockets now holds a complete of 32.8 million GRT, value about $19 million as of writing.

The buy additionally pushes Polygon into the whale’s high 20 listing at quantity 17, bringing its complete MATIC holdings to three.3 million value about $7 million.

MATIC, FTT, and USDT are three of the preferred ETH-based altcoins amongst deep-pocketed traders, in line with a WhaleStats heatmap.

Source: WhaleStats/Twitter

About 6% of the highest 1,000 Ethereum wallets are comprised of FTT whereas USDT makes up about 4.5% of the full. MATIC sits at 1.1% whereas GRT is unlisted.

Other notable crypto belongings held by ETH whales embrace common dog-themed meme coin Shiba Inu (SHIB) and OKB, the native utility token of crypto trade platform OKEx Blockchain Foundation.

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Featured Image: Shutterstock/I Gede Kenjo Aprideon/Sensvector

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