New data from a popular analytics platform, Bitcoin (BTC) As it rises towards the $22,000 level Ethereum (ETH) reveals that his whales poured hundreds of thousands of dollars into a single altcoin.
According to whale watching protocol WhaleStats, the world’s top 500 ETH whales are the native digital asset of crypto exchange platform FTX. FTX Token (FTT) buys with great enthusiasm.
Statistics show that FTT is the third most acquired token among deep pocketed investors. FTX Token, which saw $709,711 and $281,822 in average purchases, respectively; a stablecoin pegged to the dollar USD Coin (USDC) and leading smart contract platform Ethereum (ETH) takes its place behind it.
However, FTT also became the cryptocurrency with the highest net gains in terms of entries, as only $27,030 worth of crypto assets were sold by whales. Digital assets at the top of the buy list USDC and ETH on the other hand, it saw exits of $ 881,683 and $ 132,139, respectively.
Among the other cryptocurrencies completing the top five on the list are two other stablecoins. Tether (USDT) and Binance USD (BUSD) exists.
Oracle network among other top 10 crypto assets Chainlink (LINK)stablecoin Dai (DAI)meme token Shiba Inu (SHIB)decentralized exchange platform Serum (SRM) and Ethereum scaling solution Polygon (MATIC) is located.
The data also shows that FTT’s generally USDC and USDT rival Dogecoin. ShibaDoge (SHIBDOGE) and SHIB, revealing it is the sixth most held token by high-net-worth ETH whales.
Following the popularity of Shiba Inu and BabyDoge, another meme coin has started to come to the fore in recent days. As previously stated by KoinFinans, WhaleStats said in a statement yesterday, ShibaDoge‘Fame (SHIBDOGE) He reported that it surpassed the Shiba Inu (SHIB) to become the largest holding in dollar terms among the top 100 ETH whales. Although the new trend meme coin could not hold its position for a long time, this development was enough to take its place in the headlines.
Despite being a small meme coin, the recent burns on ShibDoge and the platform’s recent developments in NFT may have caught the whales’ attention.
📰 JUST IN: #ShibDoge @RealShibaDoge has flipped $SHIB for biggest holding by dollars among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#ShibDoge #SHIB #whalestats #babywhale #BBW pic.twitter.com/EzUedM3fk0
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 8, 2022
Following stablecoins, meme coins like ShibDoge and Shiba Inu, FTT accounts for just over 3.5 percent of whale portfolios, with a total valuation of $224 million.
Traded up about 2 percent in the last 24 hours. FTX TokenIt is trading at $27.46 at the time of writing.
You can check the price movements 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.