Several of Ethereum’s biggest whales are loading their bags in a major way as the markets try to stabilize after a rocky week of trading.
According to the transaction aggregator WhaleStats, a number of cryptocurrency wallets with the root name of “BlueWhale” have been splurging 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 site reports that BlueWhale0116 has also been gorging on FTX Token (FTT), native 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 wealthiest bag named BlueWhale0097, whose holdings are worth nearly $155 million at time of writing.
BlueWhale0097 also took a shine to FTX Token, yesterday dropping $11.7 million to secure 420,995 FTT.
The wallet was particularly interested in the Solana-based decentralized exchange (DEX) Serum and ended up making three big SRM purchases in less than 30 minutes on Monday.
BlueWhale0097 first acquired 12,299,999 SRM worth $11.5 million, then tucked away 9,999,999 SRM valued at $9.35 million, and finished by grabbing another 10,003,937 SRM also with a price tag of $9.35 million.
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The post Mysterious Crypto Whales Accumulating Polygon and $271,000,000 Worth of Ethereum-Based Exchange Altcoin appeared first on The Daily Hodl.