Ethereum whales mostly invest in popular altcoin projects. However, they also turn to other altcoins from time to time. Something similar to this just happened today. In fact, whales mostly turn to popular cryptocurrencies like SHIB and DOGE. However, this time, two prominent ETH whales caught the attention by making massive purchases from another altcoin. Here are the details…
Ethereum whales buy FTT instead of SHIB
Big ETH whales mostly buy from meme coin projects like SHIB and DOGE. However, two major Ethereum whales, “Bonobo” and “BlueWhale0079”, made massive purchases from another altcoin project. Accordingly, the two whales are expanding their portfolios with FTT, the utility token of the famous derivatives exchange FTX. Purchases were made in 5 separate transactions. They purchased a total of 4,945,800 FTX Tokens. This equates to $133.6 million.
7th largest Ethereum wallet buys million-dollar FTX Token
Whalestats, which analyzes the whale movements, shared the data on its Twitter account. Accordingly, “Bonobo”, the 7th largest ETH whale, bought a huge amount of FTX Tokens. Bonobo’s purchases were made in three separate transactions. The giant whale has added a total of 2,557,800 FTT tokens to its portfolio. According to current market data, this number of FTX amounts to $68.1 million. The sharing of Whalestats revealed another phenomenon. Accordingly, all three of the whale’s $68.1 million transactions were the same. So the 7th largest ETH wallet bought an equal amount from the altcoin project in every transaction. Bonobo was noted for its FTX purchase at a time when common whales were buying SHIB.
Bought on BlueWhale0079, which is often mentioned
Along with Bonobo, he bought FTX on the famous ETH whale BlueWhale0079. BlueWhale0079, the 268th largest ETH wallet according to available data, added total FTT assets to its portfolio in a total of two separate transactions. Whale bought 2.388 million in altcoin asset. FTX Token in this figure means 31.7 million dollars. The Ethereum wallet in question was buying meme coins like SHIB and DOGE last week.
How about the FTX price?
cryptocoin.com As we reported, whales receive huge amounts of FTX Tokens. However, despite these savings, the FTT price cannot experience a significant rise. The altcoin has not made any significant progress in the last 24 hours of purchases. At the time of writing, FTX is changing hands at $26.61, up 0.96 per day. Altcoin’s 24-hour trading volume has dropped by almost 25%. Accordingly, it is currently moving at $59.74 million. The poor performance of the cryptocurrency may be linked to the low prices of Bitcoin, SHIB and altcoins.
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