A large Ethereum (ETH) whale has spent over half a billion dollars to load up on the native asset of a crypto derivatives exchange.
New data from whale-surveilling platform WhaleStats shows that the 105th-ranked Ethereum whale purchased 15,720,427 FTX Tokens (FTT) worth $637.14 million in a single transaction.
🐳🐳🐳🐳🐳🐳🐳🐳🐳🐳 An ETH whale just bought 15,720,427 #ftx token ($637,148,906 USD).
Ranked #105 on WhaleStats: https://t.co/2do7yJzgy7
Transaction: https://t.co/JVi0s5JWod#FTX Token #ERC20 #DEFI #ETH #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 29, 2022
FTX Token is the utility token of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens and over-the-counter trading.
The whale’s massive transaction pushes FTT to the top spot of tokens that have been bought the most across the largest 1,000 Ethereum wallets in the last 24 hours with an average purchase amount of $637,149.
FTT towers above Wrapped Ethereum (WETH), a crypto asset representing Ether at a 1:1 ratio, as well as stablecoin Tether (USDT) and Ethereum itself with average purchase amounts of $132,682, $42,230 and $30,641, respectively.
Excluding Ethereum, FTT is now the token with the largest aggregate US dollar value among the top 1,000 ETH addresses, overtaking popular meme coin Shiba Inu (SHIB). At time of writing, the largest Ethereum whales collectively hold $1.49 billion worth of FTX Tokens. Meanwhile, the same group of investors holds a total of $1.17 billion worth of SHIB.
Other coins that Ethereum whales are currently holding in large amounts include stablecoins USD Coin (USDC) and Tether, as well as OKB, the utility token that allows traders on crypto exchange OKEx to pay for fees, earn interest and participate in new digital asset projects.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/eliahinsomnia/Andy Chipus/Vladimir Sazonov
Credit: Source link
