Crypto Whales Are Pouring Capital Into One Ethereum-Based Altcoin As Bitcoin Taps $22,000: On-Chain Data
New information reveals Ethereum (ETH) whales are pouring lots of of 1000’s of {dollars} into one altcoin as Bitcoin (BTC) rises to $22,000.
In line with whale-watching protocol WhaleStats, the planet’s high 500 ETH whales are gobbling up FTX Token (FTT), the native digital asset of crypto change platform FTX.
The statistics present FTT is the third most acquired token among the many deep-pocketed traders, solely behind dollar-pegged stablecoin USD Coin (USDC) and main sensible contract platform Ethereum, which noticed $709,711 and $281,822 in common purchases, respectively.
Nevertheless, FTT had the very best internet acquire when it comes to inflows as simply $27,030 price of the crypto asset was bought by the whales. USDC and ETH noticed outflows of $881,683 and $132,139, respectively.
Rounding out the highest 5 are two different stablecoins, Tether (USDT) and Binance USD (BUSD).
Different distinguished crypto property that crack the highest 10 embody oracle community Chainlink (LINK), stablecoin Dai (DAI), meme token Shiba Inu (SHIB), decentralized change platform Serum (SRM) and Ethereum scaling answer Polygon (MATIC).
The info additionally unveils that FTT total is the sixth most held token by high-net-worth ETH whales behind stablecoins USDC and USDT, Dogecoin competitor ShibDoge (SHIBDOGE) and SHIB.
FTT contains simply over 3.5% of the whales’ portfolios, coming in with a complete worth of $224 million.
FTX Token is buying and selling for $27.45 at time of writing, a slight lower on the day.
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