A big Ethereum (ETH) whaleinvested in the local asset of a crypto derivatives exchange, bringing its total investment to a massive $637 million.
According to data published by whale tracking and tracking platform WhaleStats, a wallet owner is the 105th strongest Ethereum whale, a one-time transaction worth $637.14 million is 15,720,427. FTX Token (FTT) He shared his purchase.
🐳🐳🐳🐳🐳🐳🐳🐳🐳🐳 An ETH whale just bought 15,720,427 #ftx token ($637,148,906 USD).
Ranked #105 on WhaleStats: https://t.co/2do7yJzgy7
Transaction: https://t.co/JVi0s5JWod#FTX Token #ERC20 #DEFI #ETH #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 29, 2022
FTX Token is used as a service token of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens and over-the-counter trading.
The massive transaction by Whale placed FTT at the top of the list of the top 1,000 Ethereum wallets with an average purchase amount of $637,149 in the last 24 hours.
FTT is rising 1:1 above Wrapped Ethereum (WETH), a crypto-asset representing Ethereum, as well as stablecoins Tether (USDT) and Ethereum with average purchase amounts of $132,682, $42,230 and $30,641 respectively.
With the exception of Ethereum, FTT currently stands out as the token with the largest total dollar value among the top 1000 ETH addresses, surpassing the popular meme coin Shiba Inu (SHIB).
At the time of writing, the largest Ethereum whales collectively own $1.49 billion worth of FTX Tokens. Meanwhile, the same investor group has purchased a total of $1.17 billion worth of SHIB.
Other coins that Ethereum whales currently hold in large quantities appear to be USD Coin (USDC) and Tether, as well as the utility token OKB, which allows traders on crypto exchange OKEx to pay fees, earn interest, and participate in new digital asset projects.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.