Major Ethereum Whale Accumulates $MATIC, $APE, $FTT, and Others in Massive Buying Spree

A major non-exchange Ethereum ($ETH) whale has accumulated several altcoins in a massive buying spree that saw it add to its positions on the cryptocurrency’s blockchain and saw the value of their account rise by more than $400 million.

According to data from whale monitoring service WhaleStats, the Ethereum whale known as bonobo has splurged more than $14 million in altcon purchases over the last few days, as Daily Hodl reports, with an initial purchase of $1.1 million in Polygon’s native $MATIC tokens, before adding another $1.9 million for a total over 2.1 million tokens.

The whale also accumulated tokens from the popular non-fungible token collection Bored Ape Yacht Club (BAYC), adding a total of 199,999 $APE tokens for $1.3 million. Their largest purchase seems to have been of the native token of the FTX cryptocurrency exchange, $FTT, as they deployed $6.3 million to buy over 203,000 FTT tokens, before adding another 90,000 tokens for $2.4 million.

The whale also invested $2.2 million in the native token of metaverse platform The Sandbox ($SAND) to acquire 1.65 million tokens.

According to Ethereum blockchain explorer Etherscan, Bono’s wallet currently holds around $559 million worth of digital assets, up from little over $130 million at the beginning of July. The whale’s largest holdings are in leading stablecoins USDC and USDT.

Bonob’s largest altcoins holdings are in Serum ($SRM) at $9.9 million and in ApeCoin at $7.9 million, followed by Aave’s native $AAVE token, with $7.4 million in their wallet worth of the token.

On social media, various users speculated the Bonobo wallet is operated by an over-the-counter trading desk facilitating trades for institutional investors. The whale’s address is also active on the BNB Chain, where it currently holds nearly $370,000 worth of Binance’s $BNB token.

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Featured image via Pixabay

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