FTX’s plan to expand into Canada seems to continue to fuel interest in FTT. While the Shiba Inu (SHIB) remains the largest dollar base token position among whales, today, interestingly, over $1.5 million in FTT purchases were made. SNX, LINK, and APE were other top-bought altcoin projects.
Altcoin whales buy FTT, this news continues
As we covered in the cryptokoin.com news, there were allegations that some large whales purchased FTT with insider knowledge before FTX announced its plans to expand into Canada. Right after that, FTX Token (FTT) rose to the top of the list of the most purchased.
It seems that even today Ethereum whales continue to accumulate FTT. After the allegations emerged on June 17, FTT became the most purchased token again. Data from the whale-watching bot WhaleStats shows that with $1.5 million, whales have bought the most FTT today.
FTX’s decision to acquire Bitvo comes after rival exchange Binance withdrew from Ontario last year due to regulatory pressure. According to the deal, FTX is preparing to acquire Alberta-based cryptocurrency exchange Bitvo. Before this, it was noteworthy that a whale named “BlueWhale0116” bought FTT for $ 925 million. The whales bought a large amount of FTT before the price could soar with the announcement.
Whales show great interest in Synthetix, Chainlink and Apecoin
After FTT, the most purchased tokens were USDC, USDT, ETH and TUSD. In sixth place is BUSD, Binance’s stablecoin. Stablecoins are often at the top of this list, as they are used on various DeFi, launchpad, play-to-play platforms and are preferred as safe havens. Synthetix, Chainlink and Apecoin were altcoin projects that pushed the top of the list today.
ApeCoin is an NFT project supported by Yuga Labs’ Bored Ape Yacht Club (BAYC). It saw purchases of over $53,000 at one point today. Currently, it completes the list at ninth place with nearly a thousand dollars. Ethereum-based oracle token Chainlink (LNIK) is in 8th place with approximately $2.5K. Meanwhile, LINK price rose over 2% to reach $7.41. LINK is currently trading 86% below its ATH price of $52.88.
Synthetix is a DeFi protocol that delivers a wide variety of crypto and non-crypto assets to the Blockchain. It recorded its ATH price at $28.77 in February of 2021. It is now trading at a discount of 89.34% from this level. Meanwhile, SNX is at the 7th position of the list with a purchase of approximately 2.5 thousand dollars. On the other hand, despite completing the list in the first place with $ 1.5 million, FTT has not yet surpassed Shiba. The Shiba Inu (SHIB) remains the largest dollar token position among whales.
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