The cryptocurrency market has started a relief rally after the sharp declines. Bitcoin and altcoin projects that gave back some of their profits are now consolidating. In this environment, crypto whales do not sit idly by. One of the largest Ethereum wallets in the market is dealing with the metaverse coin Sandbox (SAND). In addition, the giant whale is also accumulating tokens from three altcoin projects.
Massive Ethereum whale fills its wallet with MATIC
cryptocoin.com As you follow, the crypto market is moving cautiously in positive territory. However, a very wealthy Ethereum (ETH) whale got into an altcoin shopping spree. Cryptocurrency wallet ‘Bonobo’ has spent more than $14 million in recent days, according to data from whale watching platform WhaleStats.
The massive Ethereum whale first attacked 1,199,999 tokens of the layer-2 scaling solution Polygon (MATIC). Bonobo sacrificed more than $1.1 million for tokens. The ETH whale immediately bounced back within seconds and swallowed another 2,049,996 MATICs at a cost of $1.9 million. At press time, MATIC was trading at $0.8806, down 1.42% on a daily basis.
Other altcoin projects on Bonobo’s menu: APE, FTT and SAND
Next on the ETH whale’s shopping list was the Bored Ape Yacht Club (BAYC) affiliate digital asset ApeCoin (APE). Ethereum whale spent $1.3 million to purchase 199,999 APE tokens. At press time, APE was changing hands at $6.76, up 2.78% on a daily basis.
WhaleStats also says that Bonobo loves FTX Token (FTT), the native asset of the FTX cryptocurrency exchange. Whale initially paid $6.3 million for 203,786 FTT a few days ago. Then he came back yesterday for more and dropped another 80,000 FTT of $2.4 million into his wallet.
The big wallet owner’s last dinner at the crypto feast was the virtual world metaverse game The Sandbox (SAND). Because the whale swallowed 1,650,016 SAND tokens at a cost of $2.2 million. At press time, the altcoin was trading at $1.28, down 1.89% on a daily basis.
Ethereum whale’s wallet has huge fluctuations
Bonobo currently ranks fourth among the richest Ethereum whales. The total value of the giant whale’s wallet exceeds $850 million. The whale’s assets surged from a low of $456 million on July 12 to a high of $961 million on July 21.
However, he emptied $235 million of assets in five days. These movements show the huge fluctuations in the whale wallet. Bonobo has been hovering over $800 million since July 28.
