Whales have been around since the beginning of this year, according to data from crypto analytics firm Santiment. Phantom (FTM) continues to unload. Addresses holding 10,000 to 100 million FTMs have sold $259.7 million worth of assets in the past four weeks, according to the data.
While these sales from wallets are expected to trigger a price drop, everything seems to have backfired for now. centiment According to the data, microaddresses strongly tend to accumulate Phantom tokens. started.
🦈🐳👋 #Phantom‘s shark and whale addresses have dumped heavily during this 2023 rise. Addresses holding 10K to 100M $FTM dropped $259.7M worth of coins in the past 4 weeks. These coins have largely been scooped up by micro addresses holding 0.01 to 1 $FTM. https://t.co/JNzdDTgjAg pic.twitter.com/2BUoysNH65
— Santiment (@santimentfeed) February 15, 2023
NEWS CONTINUES BELOW
FTM price Following these developments, it is trading at $ 0.5118 with an increase of 11.3%. Performance is positive, similar to the rest of the cryptocurrency market.
Koinfinans.com As we reported earlier this month, the price of Phantom rose more than 183% after one of its lead developers and DeFi veteran Andre Cronje explained the strengths of the Directed Acyclic Graph (DAG) protocol.