Largest Ethereum Whale on Record Launches Altcoin Accumulation Spree As Crypto Markets Nosedive

As the overall crypto markets weather a storm, one whale is scooping up digital assets to the tune of $12.3 million.

New data from whale-watching bot WhaleStats reveals that the richest of the top 1,000 Ethereum (ETH) wallets has been on a feeding frenzy of staggering proportions.

The wallet known as Light gorged itself on decentralized oracle network Chainlink, spending $6.78 million to acquire 500,000 LINK.

The deep-pocketed investor washed that down by dropping over $1.7 million on 199,999 UNI, the native token of decentralized exchange Uniswap.

The feast continued with Light ordering 799 PAX Gold (PAXG) for $1,552,961. PAXG is a digital asset backed by physical gold that’s held in a trust.

WhaleStats says that the leading wallet also picked up two million of digital-advertising coin Basic Attention Token (BAT) for $1,325,338, then wrapped up its meal by spending $1,016,550 on 600 Maker (MKR), a decentralized stablecoin.

The whale-surveying platform also reports that the #25 largest ETH wallet known as Trinity also got in on Uniswap, picking up 498,067 UNI for $4,412,873.

Trinity then made two major buys of Chainlink, the first netting 158,198 LINK for $2,221,104. Trinity’s second go-around saw the whale loading up 700,000 LINK for a whopping $9.82 million.

Last on Trinity’s shopping list was metaverse token Enjin Coin, with the whale acquiring 1,733,983 ENJ for a price tag of $2,496,936.

Just yesterday, WhaleStats reported that ENJ had entered the top 10 of most-purchased tokens.

Not only has ENJ moved up two spots since then, but the big buys from Light and Trinity have also launched Chainlink, Uniswap, and PAX Gold into the rankings.

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Featured Image: Shutterstock/Space creator/Natalia Siiatovskaia