Whales Are Quickly Buying From This Altcoin Project Before The Big Deal!

Altcoin: Before cryptocurrency exchange FTX announced expansion to Canada, some whales rushed to FTT. This is thought to be an insider exchange. Altcoin whales attracted large amounts of FTT to their wallets prior to the partnership.

Altcoin whales buy $925M FTX Token (FTT) ahead of big deal

Data provided by WhaleStats shows that a whale named “BlueWhale0116” alone bought 782.6 million FTT. This purchase took place in just 2 transactions and the whale has withdrawn more than 33 million FTTs in total. The largest transaction was valued at $462.7 million. AmkNews.com As we reported, with these acquisitions, FTT has risen to the top of the list of the most purchased altcoins among Ethereum whales.

“BlueWhale0116” bought another $319.9 million worth of FTT in the second transaction. As of now, the wallet address holds approximately $472 million worth of FTX Tokens. Meanwhile, two other whales named “Bonobo” and “BlueWhale0079” added 3 million FTT (about $142 million) each.

These transactions took place before the deal was announced.

The price of FTT rose by over 4% after the news. FTX Token (FTT) is trading at an average of $24.00 at the time of writing. However, it has lost more than 10% since last week. Despite this, it maintains its market value of 3 billion dollars.

Whales Are Quickly Buying From This Altcoin Project

FTT surpasses Shiba Inu

Whale transactions helped FTT surpass SHIB as the largest token position by dollar value. According to the data, top whales hold around $762 million worth of FTX tokens.

Altcoin whales acted on this news?

FTX, one of the world’s largest cryptocurrency exchanges, is acquiring Bitvo Inc. The Canadian crypto exchange is reportedly regulated by all 13 commissions of the countries. This move comes amid increasing volatility in the global cryptocurrency market. The cumulative crypto cap refused to drop to $900 billion. However, the terms of the purchase were not clarified by FTX or Bitvo. Meanwhile, it is expected to close by the third quarter of this year in light of pending regulatory approvals.

Disclaimer: The articles and articles on AmkNews do not constitute investment advice. AmkNews.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is AmkNews an investment advisor. For this reason, AmkNews and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of AmkNews and quoting by giving a link is subject to the permission of AmkNews. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of AmkNews in violation of intellectual property law and relevant legislation.

Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.