Data from the WhaleStats analytics platform shows that FTX has surpassed Shiba Inu (SHIB) in the position of the largest token in USD. Prior to that, SHIB was always the most sought-after altcoin project and the largest token to appear in the top 1,000 ETH wallets. For details cryptocoin.com keep reading.
Altcoin position in whales bag has changed
At the time of writing, FTT was trading at $37.15, up 0.36% in the last 24 hours. According to CoinMarketCap data, FTT’s circulating supply is 138,768,340, making it the 32nd largest cryptocurrency by market capitalization.
WhaleStats analysis shows that the top 1,000 Ethereum wallets currently hold $1,506,665,200 worth of FTX tokens, representing 14.52% of the total holdings of all non-ETH tokens. The Shiba Inu currently accounts for 14.4% of total assets, with Ethereum whales holding $1,494,649,701.
The slight margin between the two tokens raises hopes that positions may change soon as SHIB reclaims its position. According to WhaleStats data, the SHIB holder base continues to grow, with 1,130,172 existing holders. The Shiba Inu was trading at $0.00002649 at press time and was the 13th largest by market cap.
Large crypto investors tend to increase their holdings for better prices during periods of bearish and consolidation. According to WhaleStats, Phantom and Chainlink are among the top 10 tokens whales have bought as the market has seen a relief rally from previous dips. WhaleStats has reported three major Chainlink transactions in the past 12 hours. First, an ETH whale, ranked 122nd among the top 1,000 ETH wallets tracked by WhaleStats, purchased 36,999 LINK (equivalent to $1,020,445).
Second, another ETH whale, ranked 126th, bought 38,001 LINK ($1,048,067), while another whale, ranked 997 on the data tracking platform, bought 65,999 LINK ($1,851,285)..
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