cryptocurrency

Ethereum Whale Suddenly Purchased $104,000,000 of Two Altcoins: On-chain Data

A wealthy investor spins and trades a pair of crypto assets to the tune of more than $100 million.

According to the blockchain tracking service WhaleStats, an Ethereum (ETH) wallet is known as blue whale 0208 He made massive purchases of two cryptocurrencies in just seconds a few days ago.

whale first spend $11,992,500 to get 11,250,000 SRM tokens.

BlueWhale0208 then shelled out $93.5 million to purchase 3,046,875 FTX Token (FTT), the original asset of the popular FTX cryptocurrency exchange.

Within 24 hours, the whale began moving large amounts of its belongings elsewhere. In addition to getting rid of the newly acquired SRM and FTT, the whale has also offloaded $23,536,257 of ETH so that the current value of the wallet is at a fraction above $3.1 million.

Other crypto investors who have their pockets deep under the “BlueWhale” handle have also recently made some big purchases. Last week, BlueWhale0117 purchased $4.2 million worth of Polygon II Layer Sizing Solution (MATIC) while BlueWhale0116 also charged an incredible $712,942 at a cost of $213.2 million.

whales keep Keep track of what the 5,000 richest ETH wallets are invested in. While Ethereum itself remains by far the most popular digital asset in whale-bags, it also holds a significant amount of US Dollar (USDC) and Tether (USDT) stablecoins on the palm.

Whales also own an average of 2.4 billion of Dogecoin (DOGE) competitor Shiba Inu (SHIB).

Rounding out the top ten is the decentralized oracle network Chainlink, where whales own 1,849 LINK tokens worth an average of $16,072.

Source: Whalestats

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