Ethereum whales are buying an altcoin you’ve probably never heard of.
According to analysts, more that 500 largest ETH wallets spent enormous amount of money to buy one specific altcoin yesterday.
Forget DOGE and SHIB. It was FTM (Fantom) that was prior whales’ interest.
FTM is just 45th most valuable crypto asset in the world. And it has been dropping lately with total decline of 35% since last week.
Still, the Ethereum whales see a reason to stake this altcoin.
Yesterday morning the trend was set when one of the biggest Ethereum whales bought 1,300,000 FTM for roughly $1.6 million in one transaction.
Previously, Ethereum whales bought huge amounts of SHIB. Some analysts says that five of the biggest ethereum whales now hold over one trillion Shiba Inu.
Among other altcoins that Ethereum whales prefer one can find FTX Token (FTT), Decentraland (MANA), The Sandbox (SAND), Chainlink (LINK), Enjin Coin (ENJ), etc.
But it’s the first time FTM appears in this list. If you are one of those crypto investors who follow the lead of Ethereum whales, take a note. If Ethereum whales are buying this altcoin, it might be the right thing to do for you too.