A mega ETH whale is hoarding a high market cap Ethereum (ETH) token powering a popular crypto market.
Blockchain-transaction tracking platform WhaleStats is the anonymous whale wallet FTX native token of the stock market from FTT It reveals that he bought 14,000,000 units. The transaction, worth $581,444,018 at the time of sending, took place about 2 days ago.
Whale currently has over $3.8 billion in assets, including more than $1.2 billion in FTT and excluding the ETH cryptocurrency itself, currently ranked fourth on WhaleStats’ top 1,000 Ethereum wallets list.
The native token of FTX is not only attracting the attention of whales, but also analysts. Popular cryptocurrency analyst Smart Contracter is also taking an interest in FTT, noting that the Fibonacci ABC range between sharp highs and lows in the cryptocurrency’s historical chart offers encouraging signs for future price action.
In a post on Twitter, the trader tells his 196,000 followers:
“It’s been a long time since I played FTT, but I believe a big bottom has been reached and it’s out of here. [tüm zamanların en yüksek seviyelerine] We’re going right.”
In late October, news emerged that FTX had purchased ad airtime during the February 2022 Super Bowl as part of a broader marketing strategy to increase crypto awareness among the general public.
Again, FTX also announced the launch of a market for Ethereum-based non-fungible tokens (NFTs) last week.
According to CoinGecko data, the value of the FTT token is down about 6 percent on the day, trading at $41.82.
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.