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Ethereum Whales Are Accumulating Top ETH Rival and Dropping Dogecoin Competitor Shiba Inu

A number one whale-tracking platform says Ethereum (ETH) whales have been accumulating an ETH competitor that’s dipped in price over the previous month.

According to WhaleStats, Fantom (FTM) has been among the many prime ten tokens bought by the highest 100 ETH wallets this week.

Fantom is buying and selling at $1.34 at time of writing. The Forty third-ranked crypto asset by market cap is up greater than 5.5% previously week.

The prime 100 ETH addresses have additionally been promoting the favored memecoin and Dogecoin (DOGE) rival Shiba Inu (SHIB), in accordance with WhaleStats.

SHIB is down 4% in comparison with the place it was priced one month in the past. The Fifteenth-ranked crypto asset by market cap is up greater than 9% previously week.

In phrases of Bitcoin (BTC) whales, crypto analytics agency Santiment notes on Twitter that deep-pocketed buyers have been accumulating BTC for the reason that starting of Russia’s invasion of Ukraine.

“The amount of Bitcoin addresses holding 1k to 10k BTC has jumped by 8.3% since the Russia-Ukraine war was made official. The 2,203 addresses is at a 1-year high. Both this tier and the 100-to-1k BTC tier have historically foreshadowed price moves.”

Source: SantimentFeed/Twitter

Bitcoin is buying and selling for $44,384.81 at time of writing.

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