Cryptocurrency markets continue to decline FTX token Continued pressure on (FTT) did not deter high trading volumes. With all this going on, the largest of the Ethereum (ETH) whales bought more than $550 million in FTT tokens during the price crash.
“BlueWhale0116” Bought 15 Million FTX
According to WhaleStats data, the whale named BlueWhale0116 bought $343.9 million worth of FTX tokens. Around 15,000,000 tokens were transferred to the wallet in just one transaction, making this the largest transaction in the last 24 hours.
The whale named BlueWhale0079 received close to $150 million of FTX tokens in a single transaction, but transferred these tokens to a different wallet. The whale’s wallet address currently holds $3.8 million in FTT tokens.
Meanwhile, similar FTX purchases were recorded by the audience. The wallet named “Bonobo” added $25.7 million worth of FTT tokens. Whale bought about 1.1 million tokens in 2 different transactions. According to statistics, ETH whales are worth around $553.3M in the last 24 hours FTT tokenbought the . This makes FTX top 10 tokens bought by the biggest 1000 ETH whales in the last 24 hours.
FTT Token Lost 8% in Last 7 Days
FTX token prices have dropped more than 6% in the last 24 hours. At press time, it is trading at an average price of $23.2. It should be noted that this major acquisition fell short of satisfying the broad selling sentiment of the market.
Meanwhile, the FTT token price has dropped just 8% over the past 7 days. Where other major cryptos have recorded a double-digit drop, FTX is experiencing a single-digit drop. Since the token is backed by the real exchange, it is considered a safer investment than others. The token is the 19th largest cryptocurrency with a total market cap of over $3.2 billion.
You can follow the current price action here.
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.