Shiba Inu's Biggest Holding Among Whales Title Surprisingly Taken Away by FTT Token

Shiba Inu and FTT token clash for first place among whale-tier wallet holdingsContents

• SHIB's run to $1.6 billion
• FTT's jump to first place

Shiba Inu loses first place as the biggest holding among whale-tier accounts as FTX token reaches first place on WhaleStats tracker with $1.63 billion worth of holdings on the 1,000 largest Ethereum wallets.

SHIB's run to $1.6 billion

U.Today previously covered that the meme-based cryptocurrency reached the $1.6 billion capitalization mark in the largest Ethereum wallets, adding almost $200 million in less than 24 hours.

RelatedCoinMarketCap Debunks Shiba Inu "Fake" Contract Addresses Accusations Made by Official Shiba Team

The strong spike in the value of holdings is based on the buying power that appeared yesterday on the market after Shiba Inu jumped almost 20% in price following the overall cryptocurrency market recovery.

RelatedHere's Why DOGE, SHIB and FLOKI Are Important for Crypto Space, David Gokhshtein Believes

After a rapid price increase, SHIB has formed a $130 million margin against second place on the whale holdings list. Additionally, each market metric of Shiba Inu was shining green after the short-term rally of the asset.

FTT's jump to first place

With an almost $200 million margin against Shiba Inu, FTT was less likely to overthrow the meme token in less than 24 hours and take first place, but due to the strong price action on the market and the sudden appearance of incoming buying power from whales, the token was able to take first place once again.

Source: WhaleStats 

According to data from TradingView, FTX token received a slight volume increase since Jan. 4 after the altcoin market recovery began. In addition to that, FTT has shown a 20% price increase in the last six days, replicating Shib's performance.

At press time, FTT trades at $41 with 2.5% daily growth, while its market competitor, Shiba Inu, shows 6% daily growth, trading at $0.000031.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。