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Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects

February 14, 2023
in Altcoins
Reading Time: 2 mins read
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Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects
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One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects.

The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing.

The whale’s top holdings include $22.9 million of Ethereum (ETH), $21.6 million of Polygon (MATIC), $11.3 million in Tether (USDT) and $10.3 million of Shiba Inu (SHIB).

But in the last day, the whale has turned its attention to two additional altcoins – the first being the Ethereum-based gaming project Gala (GALA).

In the last 24-hours, the whale added 13,999,975 GALA worth $573,998 at time of publishing, to its holdings.

Gala is primarily a gaming platform that’s focused on creating in-game token-based economies and allowing players to truly own in-game items.

The platform’s native token, GALA, spiked to a high of about $.06 late last month, and has since retraced to $0.04 at time of publishing.

The whale is also accumulating the artificial intelligence-focused crypto asset Fetch.AI (FETCH).

In the last day, the whale added 1,500,088 FETCH worth $570,033 to its massive wallet.

Fetch.ai aims to be a decentralized machine learning system that helps financial services, smart cities, gig economies and a myriad of other applications operate more efficiently.

FETCH has soared in the last month, riding a wave of AI hype. The coin is up 60% in the last 30 days, at $0.38 at time of publishing.

The whale has continued to add to its Polygon (MATIC) holdings in recent days, accumulating an additional 799,998 MATIC worth $935,997.

The whale also holds large amounts of ApeCoin (APE), Quant (QNT), Chainlink (LINK), Decentraland (MANA), and The Graph (GRT).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Athitat Shinagowin/Sensvector


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