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 worth over the previous month.

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

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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% prior to now week.

The highest 100 ETH addresses have additionally been promoting the favored memecoin and Dogecoin (DOGE) rival Shiba Inu (SHIB), in line 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% prior to now week.

By way of Bitcoin (BTC) whales, crypto analytics agency Santiment notes on Twitter that deep-pocketed traders have been accumulating BTC because the starting of Russia’s invasion of Ukraine.

“The quantity of Bitcoin addresses holding 1k to 10k BTC has jumped by 8.3% because the Russia-Ukraine struggle was made official. The two,203 addresses is at a 1-year excessive. Each this tier and the 100-to-1k BTC tier have traditionally foreshadowed worth strikes.”

Supply: SantimentFeed/Twitter

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

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