{"id":29922,"date":"2022-06-14T13:46:43","date_gmt":"2022-06-14T17:46:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29922"},"modified":"2022-06-14T13:51:47","modified_gmt":"2022-06-14T17:51:47","slug":"ethereum-whales-acquire-550-million-ftx-tokens-amid-market-crash","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-whales-acquire-550-million-ftx-tokens-amid-market-crash\/","title":{"rendered":"Ethereum Whales Acquire $550 million FTX Tokens Amid Market Crash"},"content":{"rendered":"\n
The FTX token (FTT)<\/a> has been under a lot of strain as the cryptocurrency market has been collapsing. However, despite the price drop, some of the largest Ethereum (ETH) whales have purchased more than $550 million worth of FTT tokens.<\/h5>\n\n\n\n
\"Ethereum<\/figure>\n\n\n\n

About 15 million tokens are being moved in single transaction<\/h3>\n\n\n\n

An ETH whale dubbed “BlueWhale0116” added $343.9 million worth of FTX tokens,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> according to Whalestats. Around 15,000,000 tokens were moved into the wallet in a single transaction, This is the largest transaction that the tracker has seen in the recent 24 hours.<\/p>\n\n\n\n

Another Ethereum wallet named “BlueWhale0079” bought $149.04 million worth of FTX tokens in a single transaction<\/use><\/svg><\/span><\/a>. As we look deeper, the data shows that this whale wallet soon moved out of the address. The whale wallet now holds just $3.8 million worth of FTT tokens.<\/p>\n\n\n\n

Meanwhile, similar FTX acquisition transactions were also logged by the tracker. Wallet named “Bonobo” wallet added FTT tokens worth $25.7. The whale added about 1.1 million tokens In two separate transactions. According to statistics, ETH whales spent $553.3 million on FTT tokens in the last 24 hours. As a result, the FTX token has been added to the list of the top 10 tokens purchased by the top 1000 ETH whales over the last 24 hours.<\/p>\n\n\n\n

FTX drops by single-digit as other major crypto declines by two-digit<\/h3>\n\n\n\n

In the last 24 hours, the FTX token prices have dropped by more than 6%. It was selling at an average price of $23.2 at the time of writing. It's worth noting that this massive purchase has been insufficient to quell the market's widespread selling sentiment.<\/p>\n\n\n\n

Meanwhile, the FTT token prices has dropped by only 8% over the last 7 days. Whereas other major cryptos have dropped by double digits, the FTX has only dropped by a single digit. The token is regarded as a safer investment than others because it is backed by the actual exchange. With a total market value of nearly $3.2 billion, the token is the 19th largest cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"

The FTX token (FTT) has been under a lot of strain as the cryptocurrency market has been collapsing. However, despite the price drop, some of the largest Ethereum (ETH) whales have purchased more than $550 million worth of FTT tokens. About 15 million tokens are being moved in single transaction An ETH whale dubbed “BlueWhale0116” […]<\/p>\n","protected":false},"author":32,"featured_media":29924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-29922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/ftx-acquire.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29922"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29924"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}