Ethereum Mega Whale Went on a $30.6 Million Shopping Spree Buying up Altcoins, like OMG, Chainlink, & Shiba Inu

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Ethereum Mega Whale Went on a $30.6 Million Shopping Spree Buying up Altcoins, like OMG, Chainlink, & Shiba Inu


$30.6 million has just been spent by one mega-whale on altcoins.

The blockchain-transaction tracker WhaleStats reveals that the Ethereum whale wallet named Light bought 399,999 OMG for $2,451,999.

The OMG Foundation, formerly known as OMG Network, is layer-2 Ethereum scaling solution that integrates with mainstream wallets. The 122nd-ranked crypto asset, OMG, is priced at $5.95.

In addition, the 4th-richest whale wallet acquired a $25,170,000 purchase of Chainlink (LINK), a decentralized oracle network.

At time of writing, Chainlink is the 17th-ranked cryptocurrency and trading for $25.19.

The wallet also loaded up on popular meme coin Shiba Inu (SHIB), buying a staggering 58.9 billion tokens for $1,906,592.

Shiba Inu has been fighting its way back from monthly lows on January 9th and is currently valued at $0.00003.

The last altcoin on Light’s to-do list was play-to-earn blockchain gaming platform Gala (GALA). The whale tucked away 3,260,000 GALA tokens for $1,137,691.

Gala is having a rough start to the new year, having fallen from $0.45 to its current valuation of $0.32.

WhaleStats reports that Light also made a huge purchase of the Bitcoin-pegged token Wrapped Bitcoin (WBTC), dropping a mind-boggling $86,428,000 on 2,000 WBTC.

Wrapped Bitcoin is currently worth $42,849, the same as top crypto Bitcoin (BTC).

Last but not least, WhaleStats tweeted that SHIB was the most popular token among the top Ethereum wallets with 15.75 percent of all holdings.

“Just in: SHIB Shibtoken had come back to be [the] biggest token position by dollar value among the top 1000 ETH whale wallets.”

Source: WhaleStats

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Featured Image: Shutterstock/Alberto Andrei Rosu/Andy Chipus/Vladimir Sazonov


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