Terra (LUNA) is coming under the radar of the top 500 ETH whales
WhalesStats reports that nearly 110,000 LUNA tokens have been purchased by a leading Ethereum whale, while Terra (LUNA) returns to the top 10 assets purchased by whales in the past 24 hours.
According to the crypto data tracker, Terra (LUNA) is coming under the radar of the top 500 ETH whales, ranking among the most purchased assets by this category of whales.
In the analysis provided by WhalesStats Among the top 500 ETH whales, LUNA ranks as the fourth most-bought asset, while ETH and stablecoins USDC and USDT rank in the top three. Other assets that have also been mostly bought by this category of whales include Shiba Inu (SHIB), Apecoin (APE) and Fantom (FTM). Luna ranks among the most tokens purchased by the top 100 Ethereum whales.
Besides being one of the most purchased assets, an ETH whale named “bonobo” has acquired almost 110,000 LUNA tokens in two separate transactions reported by WhaleStats.
The first transaction concerned the purchase of 55,035 LUNA, or $4,703,291.
The second transaction was reported simultaneously with the first, and it involved a purchase of 55,000 LUNA, or $4,700,300 worth.
A look into the whale’s address holdings indicates that the whale bets primarily on FTT (FTX) owning 22,587,360 FTT tokens worth $879,138,240. The whale, or large holder, is also a SHIB investor holding 19 billion (19,091,000,000) SHIB valued at $424,127.
The whale’s holdings comprise several crypto assets in large amounts, including a massive 14,374,323 Fantom (FTM) holding worth $11,396,315. However, the LUNA balance held by the top whale only reflected the first purchase, suggesting that the whale might have traded off the other purchase batch of 55,000 LUNA tokens.
The price of LUNA has held up quite well this year, although most cryptocurrencies have struggled. Terra’s LUNA and UST algorithmic stablecoin have risen to the top 10 cryptocurrencies by market capitalization.
As covered by U.Today, Terra (LUNA) recently made its debut on Thailand-based cryptocurrency exchange Bitkub. Bitkub, which was founded back in early 2018, is the country’s largest cryptocurrency exchange in Thailand and controls more than 90% of the local market.
