Second-Largest Ethereum Whale on Record Just Executed a Massive Altcoin Purchase: WhaleStats

The second-largest Ethereum whale in existence is accumulating millions of dollars worth of two ETH-based altcoins.

According to whale-watching platform WhaleStats, the deep-pocketed crypto investor collected $4.2 million worth of layer-2 scaling solution Polygon (MATIC) and $3 million worth of blockchain indexing protocol The Graph (GRT).

The massive address holds just above $3.8 billion in overall crypto assets, including nearly 50,000 ETH worth $1.92 billion, 38.7 million FTX Tokens (FTT) worth $1.47 billion, and 105 million of stablecoin Tether (USDT) worth $105 million, according to ETH search engine EtherScan.

The crypto investor’s newest transaction brings The Graph into the whale’s top altcoin holdings at number nine as the large wallet now holds a total of 32.8 million GRT, worth about $19 million as of writing.

The purchase also pushes Polygon into the whale’s top 20 list at number 17, bringing its total MATIC holdings to 3.3 million worth about $7 million.

MATIC, FTT, and USDT are three of the most popular ETH-based altcoins amongst deep-pocketed investors, according to a WhaleStats heatmap.

Source: WhaleStats/Twitter

About 6% of the top 1,000 Ethereum wallets are comprised of FTT while USDT makes up about 4.5% of the total. MATIC sits at 1.1% while GRT is unlisted.

Other notable crypto assets held by ETH whales include popular dog-themed meme coin Shiba Inu (SHIB) and OKB, the native utility token of crypto exchange platform OKEx Blockchain Foundation.

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Featured Image: Shutterstock/I Gede Kenjo Aprideon/Sensvector

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