List of altcoins bought by Giant Whales is here!
FTX’s plan to expand into Canada seems to fuel interest in FTT further. Interestingly, while the Shiba Inu (SHIB) remains the largest dollar-based token position among whales, over $1.5 million in FTT purchases were made today. SNX, LINK, and APE were other popular altcoin projects.
Altcoin whales buy FTT, this news continues
cryptocoin.com As we reported in the news, there were allegations that some big whales bought FTT with insider knowledge before FTX announced its plans to expand into Canada. Right after that, FTX Token (FTT) rose to the top of the list of best-selling tokens.
It seems that Ethereum whales are still accumulating FTT today. After the allegations surfaced on June 17, FTT became the top-selling token again. Data from whale-watching bot WhaleStats shows that whales bought the most FTTs today, at $1.5 million.
FTX’s decision to acquire Bitvo comes after rival exchange Binance pulled out of Ontario last year due to regulatory pressure. According to the deal, FTX is preparing to acquire Alberta-based cryptocurrency exchange Bitvo. Previously, it was notable that a whale named “BlueWhale0116” bought FTT for $925 million. The whales bought a large amount of FTT before the price could skyrocket with the announcement.
Whales show great interest in Synthetix, Chainlink and Apecoin
After FTT, the most purchased tokens were USDC, USDT, ETH, and TUSD. In sixth place is BUSD, Binance’s stablecoin. Stablecoins are often at the top of this list as they are used across various DeFi, Launchpad and Play-to-Play platforms and are favored as a safe haven. Synthetix, Chainlink, and Apecoin were altcoin projects topping the list today.
ApeCoin is an NFT project backed by Yuga Labs’ Bored Ape Yacht Club (BAYC). Over $53,000 in purchases were made today. It currently completes the list at number ninth at almost a thousand dollars. Ethereum-based oracle token Chainlink (LNIK) is in 8th place at around $2.5K. Meanwhile, LINK price surged over 2% to $7.41. LINK is currently trading 86% below its ATH price of $52.88.
Synthetix is a DeFi protocol that delivers a variety of crypto and non-crypto assets to the blockchain. It recorded its ATH price in February 2021 at $28.77. It is now trading at a discount of 89.34% from that level. Meanwhile, SNX ranks 7th on the list with a purchase of around $2.5 thousand. On the other hand, while FTT completes the list at number one with $1.5 million, it has yet to surpass Shiba. The Shiba Inu (SHIB) remains the top dollar token position among whales.