News Report
June 11, 2022

Crypto whale “Scarlet Witch” purchases $600 million worth of tokens

Crypto whale "Scarlet Witch" purchases $600 million worth of tokens

Crypto whale “Scarlet Witch” purchases $600 million worth of tokens

A crypto whale capitalized on the drop in market prices by purchasing nearly $600 million worth of crypto tokens.

According to the official tweet from WhaleStats, a Binance coin (BNB) whale named “Scarlet Witch” bought about the equivalent of $242.5 million in Avalanche (AVAX) tokens through a single transaction. The net transaction of 10 million AVAX tokens was the record largest transaction in the past 24 hours. Avalanche tokens went down in their market price by 5% and this spurred a series of transactions of AVAX tokens among the largest BNB and BSC whales.

BNB whale adds 200 Million Matic tokens to its wallet

The “Scarlet Witch” crypto whale also amassed a huge number of Polygon (Matic) tokens in its wallet. Following the AVAX transaction, the BNB whale bought approximately $128.3 million worth of Matic tokens as the next step of its buying spree. At an average market price of $0.64, the transaction consisted of nearly 200 million Matic tokens. 

“Scarlet Witch” goes on a buying spree

The buying spree did not end there for the Scarlet Witch whale, as it went on to also purchase a lofty 2.8 billion TRON (TRX) tokens worth approximately $226.2 million.

The whale continued to make hefty transactions in quick succession by adding 400 million DOGE coins worth $31.6 million in USD to the whale’s wallet. It also accumulated $2.7 million worth of WINkLink (WIN) tokens in its wallet. The transaction was the equivalent of 18 billion WIN tokens.

According to WhaleStats, these transactions by large whales have caused AVAX, DOGE, MATIC, and TRX to find a place in the top 10 most traded tokens.   

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Amogh is a content writer with a burning passion for writing, communication, technology, computer science, and storytelling. He published his first poetry book in 2021 and loves using the power of words to narrate a story or convey a thought.

More articles
Amogh Sundararaman
Amogh Sundararaman

Amogh is a content writer with a burning passion for writing, communication, technology, computer science, and storytelling. He published his first poetry book in 2021 and loves using the power of words to narrate a story or convey a thought.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
News Report Technology
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
May 9, 2025
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
Hack Seasons News Report Technology
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
May 9, 2025
The Future Of AI Agents: Innovation, Challenges, And Opportunities
Hack Seasons News Report Technology
The Future Of AI Agents: Innovation, Challenges, And Opportunities
May 9, 2025
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
News Report Technology
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
May 9, 2025