A mega-wealthy non-exchange Ethereum (ETH) wallet is on a crypto shopping spree as the markets move cautiously into positive territory.
According to the data aggregator WhaleStats, the cryptocurrency wallet with the handle Bonobo has been splurging to the tune of more than $14 million in recent days.
The whale first spent over $1.1 million to acquire 1,199,999 tokens of the layer-2 scaling solution Polygon (MATIC).
Bonobo promptly went back for seconds, gobbling up another 2,049,996 MATIC for a cost of $1.9 million.
Next on the shopping list was the Bored Ape Yacht Club (BAYC) affiliated digital asset ApeCoin (APE), with Bonobo peeling off $1.3 million to acquire 199,999 APE tokens.
The data crunching site also reports that Bonobo has been gorging on FTX Token (FTT), native asset of the FTX cryptocurrency exchange.
The whale initially paid a massive $6.3 million for 203,786 FTT several days ago, then went back for more yesterday and bought another 80,000 tokens for a price tag of $2.4 million.
The last dish on the high-net-worth investor’s crypto feast was virtual world metaverse game The Sandbox (SAND), as the whale tucked away 1,650,016 SAND tokens at a cost of $2.2 million.
Bonobo is currently ranked fourth among richest Ethereum whales, with a wallet total value exceeding a staggering $850 million.
The whale’s holdings have fluctuated considerably over the past month, going from a low of $456 million on July 12th to a high of $961 million on July 21st before unloading $235 million worth of assets over the next five days.
The deep-pocketed trader has since maintained a balance above $800 million since July 28th.
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Featured Image: Shutterstock/Kate_Snowstorm
Source: https://dailyhodl.com/2022/08/02/one-of-the-richest-ethereum-whales-in-existence-accumulates-polygon-apecoin-the-sandbox-and-one-more-altcoin/