Crypto News

Just-In: Top Ethereum Whale Buying These Crypto As Bear Hug Loosens

Published by

Ethereum whale ranked 4th on WhaleStats, “Bonobo” has purchased 80k FTX Token (FTT) and 2.05 million Polygon (MATIC) tokens in the last 24 hours. FTX Token, MATIC, and ApeCoin (APE) are the most purchased and traded tokens by the 500 biggest ETH whales in the last 24 hours.

The recent crypto market rebound brought most rally in MATIC, APE, and FTT prices, as Bitcoin (BTC) and Ethereum (ETH) jumped over key levels. The prices are currently consolidating.

Top Ethereum Whale “Bonobo” Buys FTX Token and MATIC

According to data by WhaleStats, the 4th largest Ethereum whale “Bonobo” has recently added FTX Token (FTT) and Polygon (MATIC) tokens to its holdings.

In the last 24 hours, Bonobo purchased 80,000 FTX Token worth over $2.44 million and 2,049,996 MATIC worth over $1.91 million. At the time of writing, Bonobo holds $17.88 million worth of FTX Token and $5 million worth MATIC tokens.

Last week, ETH whale “Bonobo” bought FTX Token for a whopping $11 million, APE worth over $1.35 million, and MATIC for almost $1.13 million.

Other than FTX Token, Polygon (MATIC), and ApeCoin (APE), ETH whales are accumulating Shiba Inu (SHIB) and AAVE tokens. Interestingly, Silverway (SLV) continues to lead the top holding of the 100 largest whales at 91%.

FTX Token is the more significant holding of “Bonobo”. Especially, when the ETH whale acquired more than $381 million worth of FTX token (FTT) in early July.

Crypto Market Awaits Upside Momentum

The crypto market is currently moving sideways after a rebound last week. The whales are holding more stablecoins and will be looking for the right opportunity to grab more tokens.

Meanwhile, the Ethereum (ETH) prices are looking strong for more upside. Polygon and FTX Exchange native tokens MATIC and FTT will continue to be in demand amid the rising activity around Polygon and FTX Exchange.

Last month, Polygon partnered with major entities such as Mercedes-Benz, EY, and Nothing to continue its mission of Web3 adoption.

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by

Recent Posts

  • Crypto News

XRP News: Senator Warren Blocks Fed Master Accounts for Ripple, Crypto Firms in CLARITY Act

In significant XRP news today, Senator Elizabeth Warren submits more than 40 amendments to the…

May 13, 2026
  • Crypto News

Trump’s China Visit: Bitcoin Gains as Nvidia’s Jensen Huang Joins Elon Musk, Top CEOs

President Donald Trump is on a state visit to China this week, marking the first…

May 13, 2026
  • Bitcoin News

Strategy’s STRC Attracts $240M Capital As Michael Saylor Lauds CLARITY Act

Strategy's STRC raised an estimated $240.13 million net proceeds with its at-the-market (ATM) program. It…

May 13, 2026
  • Regulation News

CLARITY Act: Galaxy’s Alex Thorn Reveals Secret To Securing Bipartisan Support

Galaxy Digital's Alex Thorn says the newest edition of the CLARITY Act could get a…

May 13, 2026
  • Ethereum News

Breaking: JPMorgan Files For Ethereum Tokenized Money Market Fund After BlackRock

JPMorgan Chase & Co. is ramping up its blockchain-related initiatives. It aims to introduce a…

May 13, 2026
  • Exchange News

Kraken Parent Payward Partners Franklin Templeton To Launch Tokenized Securities

Payward, the parent company behind crypto exchange Kraken, has joined forces with global asset manager…

May 13, 2026