Alt Coin

Whale Splurges $36,500,000 on Ethereum-Based Altcoin – Here’s What the Largest Crypto Investors on Earth Are Up To

Some of the world’s largest Ethereum (ETH) whales are gobbling up a whole lot of hundreds of thousands of {dollars} price of altcoins as the digital belongings trade experiences a widespread pullback.

According to whale-surveying robotic WhaleStats, Ethereum whales are presently accumulating layer-2 ETH resolution Polygon (MATIC), crypto alternate FTX Token (FTT), oracle community Chainlink (LINK), decentralized finance protocol Aave (AAVE), and non-fungible token market Enjin Coin (ENJ).

The 557th-largest whale splurged simply over $36.5 million on 1,049,990 FTX Tokens and $8.8 million on 4,250,000 MATIC. The deep-pocketed investor additionally purchased 17,893 AAVE for $3.6 million and 61,401 LINK for about $1.5 million, in keeping with WhaleStats.

WhaleStats additionally discovered that the fourth-ranked largest ETH whale on the planet, often known as Light, hauled in 624,989 ENJ price about $1.5 million at time of writing.

Another development amongst whales discovered throughout the newest crypto market pullback is their buying of dollar-pegged stablecoins and gaming altcoins.

According to an inventory compiled by WhaleStats, the top ten bought tokens by ETH whales in the final 24 hours are high altcoin ETH, Stablecoins USD Coin (USDC) and Tether (USDT), LINK, MATIC, Wrapped Bitcoin (WBTC), play-to-earn gaming token Yield Guild Games (YGG), crypto alternate MXC Foundation (MCX), ENJ, and gaming altcoin Gala Games (GALA).

The largest token portions bought by the whales had been USDC and USDT, coming in 77,952 and 64,077 coins, respectively.

Source: WhaleStats

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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