Whale-watching bot’s new data is the largest in existence Ethereum (ETH) It shows that whales have been heavily hoarding a crypto-exchange token that has been trading out of sight for the past few weeks.
The latest data from WhaleStats reveals the buying behavior of the top 1000 Ethereum addresses over the exchange.
The whale watching website has averaged $2.62 million worth of deep-pocketed crypto investors over the past seven days. Ethereum (ETH) and $1.15 million worth of stablecoins Tether (USDT) It shows you bought it. With an average purchase amount of $728,038, it is the service asset of crypto derivatives exchange FTX. FTX Token (FTT) is in third place.
FTT accumulation by the largest Ethereum whales becomes more visible 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.
An Ethereum whale in particular seems to be stockpiling an incredible amount of FTT. The whale watching platform reveals that an anonymous wallet address has amassed over 14 million FTT coins worth $747.76 million. According to WhaleStats, most of the whale’s massive FTT treasury was bought in the last day as the major crypto investor has increased his FTT holdings by nearly 3000 percent in the past 24 hours. The altcoin, which has been in the red for the last 1 month, seems to be collecting from the bottom.
The altcoin, which is currently trading at 49.25, down over 20 percent from the last month, continues to trade around 40 percent below its all-time high of $84.75.
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.