April 24, 2024


A very rich non-currency Ethereum (ETH) wallet is on a crypto buying spree as markets cautiously move into positive territory.

According to data aggregator WhaleStats, the cryptocurrency wallet with the handle Bonobo has surpassed $14 million in the past few days.

First the whale spent over $1.1 million to acquire 1,199,999 tokens of the Polygon (MATIC) layer-2 scaling solution.

Bonobo came right back for secondsgobbling up another 2,049,996 MATICs for a cost of $1.9 million.

Next on the buying list was Bored Ape Yacht Club (BAYC) linked digital asset ApeCoin (APE), with Bonobo peel off $1.3 million to get 199,999 APE tokens.

The data logging site also reports that Bonobo used the FTX Token (FTT), native to the FTX cryptocurrency exchange.

The whale first Paid a whopping $6.3 million for 203,786 FTT several days ago, then came back for more yesterday and bought another 80,000 chips worth $2.4 million.

The final dish in the high-net-worth investor’s crypto feast was virtual world-turning-world game The Sandbox (SAND), as the whale hid 1,650,016 SAND tokens in a cost amounting to 2.2 million dollars.

Bonobo is right now are ranked fourth among the richest Ethereum whales, with a total wallet value exceeding $850 million.

The whale’s stocks have fluctuated significantly over the past month, reaching a low of $456 million on July 12 to a high of $961 million on July 21 before $235 million worth of assets were landed over the next five days.

The deep-pocketed trader has since held a balance of over $800 million as of July 28.

Source: WhaleStats

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Featured image: Shutterstock/Kate_Snowstorm


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