Whales Attack This Altcoin Project!

New data shows that the largest Ethereum (ETH) whales in existence have been massively hoarding the token of an altcoin project that has been trading under the radar for the past few weeks. The latest figures from WhaleStats reveal the buying behavior of the top 1000 Ethereum addresses over the exchange. we too cryptocoin.com As WhaleStats, we have prepared the latest posts for you.

Altcoin projects that Ethereum whales love

The whale watching website shows that over the past seven days, deep-pocketed crypto holders have purchased an average of $2.62 million worth of Ethereum and $1.15 million worth of stablecoin Tether (USDT). In third place is FTX Token (FTT), the utility asset of crypto derivatives exchange FTX, with an average purchase amount of $728,038.

FTT accumulation by the largest Ethereum whales becomes more transparent when looking at the 30-day horizon. WhaleStats shows that the richest ETH holders have purchased an average of $2.35 million worth of FTT over the past 30 days.

Source: WhaleStats

In particular, an Ethereum whale is being uploaded to FTT. The whale watching platform reveals that an anonymous wallet address has amassed more than 14.74 million FTT cryptocurrencies worth $747.76 million. WhaleStats shows that a major cryptocurrency owner has increased their FTT holdings by around 3,000% in the last 24 hours, with many of these massive FTT holdings being bought in the last day.

According to data from CoinMarketCap, FTT is currently trading at $48.63, down 4.80% in the last 24 hours. The altcoin is about 42% below the all-time high (ATH) of $85.02, which it saw on September 9 this year.

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