Some of the world’s largest Ethereum (ETH) whales are gobbling up hundreds of millions of dollars worth of altcoins as the digital assets industry experiences a widespread pullback.
According to whale-surveying robot WhaleStats, Ethereum whales are currently accumulating layer-2 ETH solution Polygon (MATIC), crypto exchange FTX Token (FTT), oracle network Chainlink (LINK), decentralized finance protocol Aave (AAVE), and non-fungible token marketplace Enjin Coin (ENJ).
The 557th-largest whale splurged just over $36.5 million on 1,049,990 FTX Tokens and $8.8 million on 4,250,000 MATIC. The deep-pocketed investor also purchased 17,893 AAVE for $3.6 million and 61,401 LINK for about $1.5 million, according to WhaleStats.
WhaleStats also found that the fourth-ranked largest ETH whale on the planet, known as Light, hauled in 624,989 ENJ worth about $1.5 million