Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position

Ethereum whales are gobbling up a brand new favourite altcoin, briefly displacing Shiba Inu (SHIB) as the highest various digital asset amongst large consumers.

Data from whale-surveilling platform WhaleStats signifies the highest 1000 largest Ethereum wallets at the moment are holding greater than $1.54 billion value of FTX Token (FTT).

The complete worth of FTT held by whales briefly skirted above $1.60 billion, sufficient to temporarily make FTT the most important token place by greenback worth, excluding Ethereum (ETH), among the many prime 1000 Ethereum whales.

That title has now reverted again to the favored Ethereum-based memecoin Shiba Inu. The prime 1000 ETH addresses maintain greater than $1.78 billion value of SHIB at time of writing.

FTT is the change token of FTX, a cryptocurrency derivatives buying and selling platform for futures, leveraged tokens and over-the-counter buying and selling. The Thirty fifth-ranked crypto asset by market cap is buying and selling at $38.54 at time of writing, down 1.64% up to now 24 hours.

WhaleStats additionally notes that the highest 1000 Ethereum wallets maintain greater than $568 million value of OKB, a cryptocurrency issued by OKEx Blockchain Foundation. The OKB utility token permits merchants on the crypto change OKEx to pay for charges, earn curiosity and take part in new digital asset initiatives.

OKB, the Twenty eighth-ranked crypto asset by market cap, is buying and selling at $28.52 at time of writing, down 4.84% within the final day.

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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