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

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.

Timeline of Apecoin-ape, Ftx-token, Polygon

The ongoing recovery rally in APE price stalled at $7.23 resistance. Despite showcasing several attempts to breach this barrier, the buyers couldn't surpass the $7.23 mark in the past four days.

It's been an interesting year so far in the crypto scene. While much of the market has struggled due to overall economic conditions, there are still plenty of hot new projects that have analysts predicting big things.

The bear market has had a negative effect on many tokens, including Ripple (XRP) and Apecoin (APE). The two tokens have made their investors a lot of money in the past; however, as people get more cautious about holding crypto assets in the current market, they have both been losing popularity.

On Friday, the cryptocurrency market gained more ground as traders anticipated an immediate rebound from the inflation crisis. Traders are searching for new crypto investments to protect themselves from market inflation by stabilizing their profits and supplying a more reliable source of income.

The Polygon unique addresses number increased by 12% in the second quarter and the huge growth of the bridge aggregators only shows a wave of user migration from Ethereum to Polygon so let's have a closer look at today's latest blockchain news.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart.

Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year.

Apecoin DAO will fund the Bored Ape Gazette to create a newsletter and to pay the freelancers as we can see more today in our latest cryptocurrency news today. While the NFT market might be slowing down, the Bored Ape Focused news outlet is getting a boost thanks to the ApeCoin DAO treasury.

The popular community-based crypto phenomenon that began with the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) continues to expand. According to a forum post on the website of BAYC's affiliated digital asset ApeCoin (APE), the community has just voted overwhelmingly to boost funding for an online news site called The Bored Ape Gazette.

Polygon MATIC/USD has advanced from $0.45 to $0.99 since the beginning of July 2022, and the current price stands at $0.93 Polygon solves pain points associated with blockchains Polygon is a platform for Ethereum scaling and infrastructure development that aims to improve the speed and reduce the cost and complexities of transactions on blockchain networks.