Giant Cryptocurrency Whale Keeps Buying Into His Portfolio As Altcoins Fall: Accumulated Throughout August

The whale Machi Big Brother, which has made a name for itself with its previous crypto purchases, continues to add tokens during the decline.

According to Etherscan data, Machi Big Brother spent 135 ETH (approximately $222,000) on August 27, 2023 and purchased 154,570 ApeCoin (APE) tokens. This was the whale's fourth purchase of APE in August, and its total accumulation totaled 3.13 million APE tokens at an average price of $1.73 per token.

The APE price is trading at $1.42 at the time of this writing.

However, the whale in question has staked wallet tokens, so it's hard to estimate how much it's actually lost so far.

In addition, a few days ago, a large cryptocurrency whale sold all its APE tokens at a loss. The wallet, which received 93,700 APE tokens via airdrop, additionally purchased 96,276 APEs on May 1, 2022, spending 2 million dollars in ETH at a price level of 21 dollars. Whale sold all of its tokens at $1.51.

*Not investment advice.