One of the largest whales in Ethereum (ETH) is looking closely at the altcoin market. According to WhaleStats, a large investor has already invested $ 100, or R $ 560 million at current price. Target – five famous altcoins:
- FTX token (FTT);
- Polygon (MATIC);
- AAVE;
- Chain link (LINK);
- Wrapped Bitcoin (WBTC).
According to WhaleStats, the total capital of the unknown investor is US $ 17 billion (R $ 95.7 billion). The site does not indicate whether this is an isolated investor, a large company, or an exchange. However, the volume of individual purchases was quite impressive.
All purchases were made on Friday (7). According to the WhaleStats rating, the whale is ranked 557th among the richest investors in ETH.
FTT and MATIC
First, the whale acquired 1,408,969 FTT tokens. The total amount at the time of purchase corresponded to USD 49 million, approximately R $ 277 million. One second transaction shows that the investor acquired an additional 1,049,990 FTT for $ 36.51 million.
Keith also bought 4.250.000 MATIC in the amount of 8.79 million US dollars, or approximately 49.8 million reais. MATIC is a token of the Polygon network that serves as the second level of ETH.
The investor has also made a big bet on Decentralized Finance (DeFi) with investments $ 3.67 million when purchasing 17,893 tokens on the AAVE network. The network is focused on obtaining loans and income using cryptocurrencies.
In its fifth transaction, the whale turned its gaze – and its wallet – to Chain link (LINK)… The purchase was for 61,401 LINK tokens worth $ 1.53 million or R $ 8.67 million.
Finally, the Ethereum whale also bought bitcoins (BTC), but not the original cryptocurrency. Instead, he acquired 43 Wrapped Bitcoin (WBTC)by paying $ 1.8 million. WBTC is a crypto asset representing BTC on the Ethereum network. It is currently one of the most used tokens on the network, especially in the DeFi market.
In total, the whale spent $ 101.3 million on the purchase of five cryptocurrencies. Large purchases were made against the backdrop of a sharp devaluation that hit all cryptocurrencies. BTC, for example, fell below $ 40,000 this Monday (10), opening several buying opportunities.
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