A huge Ethereum whale has allocated about $2.5 million to 2 altcoin projects. The purchases come when the market stabilizes.
Anonymous Ethereum whale spent $2.5 million on these altcoin projects
“Bonobo,” the fourth largest Ethereum whale, has purchased 80,000 FTX Tokens (FTT) and 2.05 million Polygon (MATIC) tokens, according to WhaleStats. Meanwhile, the top 500 ETH whales have spent the most money on FTX Token, MATIC and ApeCoin (APE) in the last 24 hours. MATIC, APE, and FTT were the biggest gainers during the latest cryptocurrency market recovery as Bitcoin and Ethereum broke through key resistances. Prices are currently stabilizing. In particular, FTT started to consolidate above $30.
Whale named “Bonobo” recently bought large quantities of FTX and MATIC
Whale-watching bot WhaleStats shows that “Bonobo” has recently increased its accumulations of FTX (FTT) and Polygon (MATIC). In the last 24 hours, Bonobo has spent approximately $2.44 million on 80,000 FTX Tokens. During this period, he spent over $1.91 million on 2,049,996 MATIC. Bonobo currently has $17.88 million worth of FTX Tokens in his wallet. On the other hand, the mysterious whale is currently holding $5 million worth of MATIC.
https://twitter.com/WhaleStats/status/1553939532910829570
“Bonobo” made millions of purchases last week with a similar basket. FTT spent $11 million, $1.35 million and $1.13 million on APE and MATIC, respectively. On the other hand, Ethereum whales are accumulating SHIB and AAVE apart from FTT, MATIC and APE. Interestingly, Silverway (SLV) remains popular with whales at 91%.
The total value of the altcoin market reaches 600 billion dollars
After the recovery last week, the cryptocurrency market is currently in a sideways trend. The majority of whales currently prefer to stay in stablecoins. Big wallets are waiting for the ideal moment to buy more altcoins. Meanwhile, ETH price is gathering strength to rise further.
While the altcoin market exceeds the total valuation of $ 600 billion, the projects continue to collaborate with big brands. To further its goal of promoting the use of Web3, Polygon worked with key organizations like Mercedes-Benz, EY and Nothing last month. As you follow on Kriptokoin.com, Polyon announced its partnership with Disney last month.
ApeCoin (APE) is currently facing a class action lawsuit. Law firm Scott+Scott claims Yuga Labs is speculating with promises of great return on investment.
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