Mysterious Crypto Whales Accumulating Polygon And $271,000,000 Worth Of Ethereum Based Exchange Altcoin
Several of Ethereum’s biggest whales are unloading their bags in a big way as markets try to stabilize after a rocky week of trading.
According to transaction aggregator WhaleStats, a number of cryptocurrency wallets with the root name “BlueWhale” have spent hundreds of millions of dollars on discounted altcoins.
The wallet with the handle BlueWhale0117 spent $4.2 million to acquire 5,192,453 tokens of the layer-2 scaling solution Polygon (MATIC).
BlueWhale0117 is currently ranked #79 among rich whales, with a wallet currently worth more than $160 million.
The data crunching website reports that BlueWhale0116 has also gobbled up FTX Token (FTT), the original asset of the FTX cryptocurrency exchange.
The whale initially paid a staggering $213.2 million for 7,112,942 FTT several days ago, then on Tuesday went back for seconds and bought another 2,180,000 tokens with a price tag of $58 million.
BlueWhale0116, with a total account value of $34,237,463, currently ranks #381 on WhaleStats.
Another crypto wallet with the mysterious “BlueWhale” prefix is the 82nd richest wallet called BlueWhale0097, whose holdings are worth nearly $155 million at the time of writing.
BlueWhale0097 also took a shine to the FTX Token, dropping $11.7M yesterday to secure 420,995 FTT.
The wallet was particularly interested in Solana-based decentralized exchange (DEX) Serum and ended up making three large SRM purchases in less than 30 minutes on Monday.
BlueWhale0097 first bought 12,299,999 SRM worth $11.5 million, then stashed 9,999,999 SRM worth $9.35 million, and ended up picking up another 10,003,937 SRM also with a price tag of $9.35 million .
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