NFT Cryptocurrency Whale Buys Millions of Altcoins | Hedge ETH Layer 1’s and Metaverse Tokens

53 sec read

Two digital assets worth $23.9 million were purchased by a crypto mega-whale on an altcoin buying spree.

WhaleStats, a blockchain transactions tracker, reveals that an unnamed Ethereum wallet purchased 135,000 Terra (LUNA) for $6.72 million.

Terra is a public blockchain protocol that underpins a suite of decentralized stablecoins. The ninth-ranked crypto asset is currently down 5.18% on the day and priced at $51.35.

The fourth-richest whale wallet also purchased five million tokens of virtual world The Sandbox (SAND) for $17.2 million.

The Sandbox is having an up day, in the green by 4.87% and trading for $3.61.

WhaleStats reports that there’s also been a feeding frenzy for layer-2 scaling solution Polygon (MATIC), which is up 6.63% and valued at $1.70.

A single unnamed Ethereum whale made four separate purchases of Polygon in one day totaling nearly $6.2 million:

At time of writing, the whale’s total Polygon holdings are worth over $24.2 million.

WhaleStats also highlights the altcoins that have been bought the most in the past 24 hours.

“Just in: CHZ @Chiliz is back on top-10 purchased tokens by 1,000 biggest ETH wallets.

We’ve also got YFI, MATIC & WOO on the list.”

Source: WhaleStats/Twitter

Sports-themed Chiliz (CHZ) is up slightly to $0.18, while multi-chain decentralized finance protocol (YFI) is trading sideways at $24,023.

The trading platform Woo Network (WOO) is also even on the day and priced at $0.58.

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