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More MATIC, FTX Token, LUNA Bought by Whales as They Keep Betting on These Coins

Sat, 01/29/2022 - 08:56
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Yuri Molchan
Ethereum whales continue to buy FTX Token, MATIC and LUNA, as the market turns green
More MATIC, FTX Token, LUNA Bought by Whales as They Keep Betting on These Coins
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WhaleStats on-chain data service has shared that in the past twenty-four hours, some of top ETH 1,000 whales have bought large amounts of FTT and Polygon’s native token MATIC, along with some Terra Luna.

Meanwhile, the cryptocurrency market has turned green with the majority of coins, including the three mentioned above, are showing a rise.

Large ETH holders keep grabbing their favorite tokens

According to the recent tweets published by WhaleStats platform, several of the largest Ethereum whales with the one ranked 4 among them, have acquired 4 million MATIC, totaling $5,529,716 in fiat.

Whale ranked 105 on WhaleStats acquired 15,720,427 FTX Token (FTT) worth a staggering $637,148,906.

Whale ranked 4 bought 135,000 LUNA, the equivalent of $6,725,700.

MATIC, LINK and FTT are the crypto assets that top 1,000 Ethereum whales have been betting on recently and buying quite a lot of these coins. Earlier, U.Today reported that whale ranked 297 had purchased around 3 million MATIC tokens amid the market decline.

On January 17, another ETH whale added 2.3 million to their holdings and an anonymous whale moved 3.8 million MATIC off Binance. These transactions constitute the equivalent of $14.6 million.

Besides, $1.3 million worth of FTT was bought by an ETH whale ranked 506 over two weeks ago.

Mike Novogratz bets on LUNA

Earlier, U.Today covered that LUNA is one of the crypto assets that the renowned investor and head of Galaxy Digital Mike Novogratz bets on. Once the coin hit an all-time high of $100 in December, he made a tattoo to celebrate it as he had promised earlier.

Related
Terra (LUNA) Plunges While Crypto Market Remains in Limbo

FTT comes second after SHIB in USD equivalent

Per WhaleStats data, Shiba Inu token at the moment remains the largest token by the USD value held by the ETH top 1,000 whales. They are holding $2.6 billion worth of it (26.43 percent of their holdings) with FTX token coming second.

The whales hold $1.5 billion in FTT, which is 14.69 percent of their portfolio.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.