An Ethereum whale has bought three altcoins worth over $14 million, after several previous purchases.
The focus of this whale who spent more than 14 million dollars was on three altcoins related to Metaverse projects, namely:
MANA, SAND and CQT.
Ethereum whale move towards altcoins:
The third largest Ethereum whale wallet, dubbed “Light,” has embarked on another buying spree, adding three coins for a total purchase cost of $14.1 million.
According to data from “WhaleStats,” a blockchain tracker that keeps tabs on the richest Ethereum addresses and their activity, the Light wallet recently purchased about 642,999 MANA, worth $1,845,409.
MANA is the original digital currency for the 3D virtual reality game “Decentraland” based on Ethereum and is currently trading at $2.8 per unit.
The whale also bought the digital currency of the blockchain-based virtual world, The Sandbox, adding about 426,000 SAND worth $2,044,800 on its first purchase, and an additional 1,703,978 SAND for $8,179,094.
SAND is currently trading at $4.2 per coin, at the time of writing.
Finally, Light bought about 3,090,000 CQT for $2,039,319.
CQT is the digital currency of the covalent network, which provides an API suite that allows developers to pull data from many of the leading blockchain platforms.
It is currently trading at $0.6 per coin.
Not the first time:
The recent purchases made by this whale’s wallet come as no surprise, as the same address has made similar purchases in the past few weeks.
The Light portfolio, which has a total value of more than $4.3 billion in digital assets, began its latest shopping spree last week.
This whale bought over $1.1M worth of GALA coins, over $2.45M in OMG coins, over $24.1M from LINK, and its largest purchase was a whopping $86.4M in Wrapped Bitcoin (WBTC) .
In all, the Ethereum whale invested more than $128 million in its recent purchases, adding two metaverses and four other crypto assets.
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