According to a leading whale watching platform, Ethereum (ETH) whales are accumulating an ETH competitor whose price has bottomed out last month.
According to data from WhaleStats, Phantom (FTM)ranked among the top ten tokens purchased by the top 100 ETH wallets this week. Ranked #43 by market cap, the crypto asset is up over 10 percent from last week and is trading at $1.38 at the time of writing.
Again, according to data from WhaleStats, the top 100 ETH addresses are popular memecoin and Dogecoin (DOGE) competitor Shiba Inu (SHIB) it sells. The 15th-ranked crypto asset by market cap is trading at $0.000024, up more than 9% from last week.
BTC investors have been saving since Russia-Ukraine tensions
In terms of Bitcoin (BTC) whales, deep-pocketed investors have been hoarding BTC since the beginning of Russia’s invasion of Ukraine, according to a Twitter post by crypto analytics firm Santiment.
“The amount of Bitcoin addresses holding 1k to 10k BTC has increased by 8.3 percent since the Russia-Ukraine war was formalized. 2,203 addresses are at a 1-year high. Both this tier and the 100 to 1,000 BTC tier are historically predictive metrics for price movements.”
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.