Crypto Whale Accumulates $53 Million in Ethereum and Wrapped Bitcoin

A crypto whale has been on a buying spree, gobbling up nearly $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, according to blockchain tracker Lookonchain.

Whale’s Purchases

The whale spent 20 million of the stablecoin USDC earlier this week to buy $10 million worth of ETH and $10 million worth of WBTC. Since December 21st, the whale has purchased a total of 13,843 ETH, at an average price of $2,388, and 461 WBTC at an average price of $43,168.

Wrapped Bitcoin (WBTC)

WBTC is an ERC-20 token pegged to the price of Bitcoin (BTC), allowing traders to speculate on Bitcoin while staying within the Ethereum ecosystem. WBTC is currently trading at $43,530.

Ethereum (ETH)

ETH is currently trading at $2,411.

Chainlink (LINK)

A mysterious crypto whale or institution has also been accumulating Chainlink (LINK), the native asset for decentralized oracle network Chainlink. The whale or institution withdrew 2,745,815 LINK worth $49.9 million from the top crypto exchange Binance via 49 new wallets. LINK is currently trading at $18.47.


Opinions expressed at FastPayCrypto are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.