Mysterious Crypto Whales Accumulating Polygon and $271,000,000 Worth of Ethereum-Based Exchange Altcoin

Mysterious Crypto Whales Accumulating Polygon and $271,000,000 Worth of Ethereum-Based Exchange Altcoin


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).

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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

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