The whale movements of January 17 show that major wallets are accumulating from two altcoin projects instead of SHIB or DOGE. cryptocoin.com as WhaleStats and Whale Alert data.
Whales buy from this altcoin project instead of DOGE
According to a series of transactions detected by WhaleStats, a huge Ethereum whale has purchased 2.26 million Polygon (MATIC). Transactions took place in two mailings, 1.14 and 1.12 million. Whale thus rose from 160 to 154 in the Blockchain data platform WhaleStats ranking.
Ethereum (ETH) accounts for 82.6% of the whale wallet. Polygon (MATIC) has a share of 3.77% with $8.6 million. The wallet contains 107,725 Chainlinks (LINK) worth $2.6 million. As for the details for MATIC, the token currently ranks 8th among altcoin projects held by the 1,000 largest ETH whales. The Shiba Inu (SHIB) is in 3rd place.
Huge amount of MATIC leaves Binance exchange
According to other data provided by Whale Alert, a total of 3,888,851 MATICs were withdrawn from two anonymous Binance wallets during the day. This amount is a huge figure of $ 9,339,739 in fiat terms.
Whales loot exchange tokens instead of SHIB or DOGE
On January 17, the other altcoin looted by whales was FTX Token (FTT). Data provided by WhaleStats reports that the exchange token has surpassed the Shiba Inu in dollar position. This happened with 29,000 FTT purchased in the past hours. WhaleStats shares that the 506th-ranked Ethereum whale bought FTT worth $1.3 million.
- The data shows FTT overtakes Shiba Inu as the largest dollar token position. The meme token has previously always been the most sought-after token among the top 1,000 ETH whales.
FTT price movements
FTT is the native cryptocurrency of the FTX exchange. It showed signs of vitality from the $33.80 region on January 8. The bulls pushed the price above the 50-day moving average (41.77), which signals a possible trend reversal. With the last rally to $47.55 on January 15, FTT is back on the buyers list. According to analyst Tomiwabold Olajide, if FTT can stay above $45, it could start its $50 march. Conversely, a breach of the 50-day MA threatens a possible drop to $37.
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