A wealthy investor is selling and selling a couple of cryptocurrencies worth over $ 100 million.
According to the WhaleStats blockchain tracking service, the Ethereum (ETH) wallet known as BlueWhale0208 made massive purchases of two altcoins in seconds just a few days ago.
The whale initially spent $ 11,992,500 to acquire 11,250,000 native tokens from the decentralized cryptocurrency exchange Serum (SRM).
BlueWhale0208 then shelled out a staggering $ 93.5 million to purchase 3,046,875 FTX Token (FTT), the native asset of the popular cryptocurrency exchange FTX.
Within 24 hours, the whale began to move significant amounts of its possessions elsewhere. In addition to cleaning up the newly acquired SRM and FTT, the whale also dumped ETH worth $ 23,536,257 so that the portfolio’s present value stands at a fraction of $ 3.1 million.
Other deep-pocketed cryptocurrency investors under the leadership of “BlueWhale” have also made some major purchases recently. Last week, BlueWhale0117 bought the Polygon (MATIC) scaling solution for $ 4.2 million, while BlueWhale0116 also devoured a staggering 7,112,942 FTT at a cost of $ 213.2 million.
Whalestats tracks what the richest 5,000 ETH portfolios invest in. While Ethereum remains by far the most popular digital asset in whale exchanges, it also holds a large amount of US Dollar Coin (USDC) and Tether (USDT) stablecoins in hand.
Whales on average also own a whopping 2.4 billion Shiba Inu (SHIB) competitor to Dogecoin (DOGE).
Rounding out the top 10 is the decentralized Oracle Chainlink network, with whales owning 1,849 LINK tokens for an average value of $ 16,072.
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Disclaimer: The views expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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