Ethereum whales usually dedicate a large portion of their wallets to altcoins such as FTX Token, Shiba Inu, Ethereum and Fantom. But FTT and these altcoins have been recording large transactions lately.
FTX Token trading volume indicates whales are bullish
Ethereum whales have been buying FTT, the native token of the FTX exchange, for some time now. FTT has achieved the status of the dollar base token position among the largest Ethereum whales. However, whales do not want to take out other altcoin opportunities. This ranking changes from time to time with altcoins such as SHIB and UNI. However, this trend extends as the market recovers and whales continue to buy FTT. Over the past week, interest in FTX Token has been climbing. This request may be related to the upcoming news of the stock market.
FTX Token moves to top positions by trading volume
FTX Token has now climbed again, becoming the third largest token by dollar value. This lags behind big players like Shiba Inu and USDC on the list. In the last 24 hours, FTT was one of the biggest when it comes to trading volume among whales. Thus, it surpassed the APE and FTM trading volumes in the list.
With the increase in whale activity, the FTX Token assets of ETH whales rose to $298 million. It now accounts for 10.34% of the top 100 Ethereum whale wallets. It surpasses BEST, which accounts for 6.4% of whale wallets. FTT also saw purchases worth an average of $71,590. Thus, it became the second most purchased token in the last day.
Shiba Inu still remains popular with Ethereum whales
FTX Token is gaining popularity among Ethereum whales. However, it is still overshadowed by the whales’ support for the Shiba Inu. When it comes to HODL among these Ethereum whales, the meme token has remained dominant and hasn’t given up.
It remains in the shadows, generating 19.08%, or $548.9 million. This number is down more than 50% from its all-time high holdings due to market conditions. But it remains an important HODL among whales.
The other largest holdings are ETH, the largest holding of whales. USDC continues to top the list with an average of $5.3 million held by whales and stablecoin USDT. Others include BEST, MANA, and MATIC, which feature heavily in the top 10 holdings by dollar value. As we have quoted as Kriptokoin.com, Uniswap (UNI) is progressing rapidly in this list. Whales have purchased 734 million UNIs since last week.
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