When it comes to Ethereum wallets, FTX Token is now in second place.

In the top 1,000 Ethereum wallets, FTX Token (FTT) has overtaken Shiba Inu (SHIB) as the second most popular cryptocurrency after Ether (ETH).

CONCLUSION

  • The market capitalization of FTX Token is at $10 million.
  • Cryptocurrency token FTT is one among the most sought after.
  • The top 1,000 Ethereum wallets have a lot of money in FTT, as can be shown by their holdings.

The FTX cryptocurrency exchange's native asset is FTT. After hitting an all-time high of $85.02 in September 2021, FTT has witnessed an average daily trading volume of $50 million since then, indicating ongoing investor interest in the asset. This is due to the booming crypto market at the time.

FTT is the seventh most bought cryptocurrency during the previous 30 days, a period that extends into the first week of February 2022. The average purchase value was $1.6 million, and the average token quantity was 40,473.

Source: WhaleStats
Source: WhaleStats

As a result of this high demand, the top-1,000 Ethereum wallet addresses now possess more FTT second to ETH than they did before.

The FTX cryptocurrency exchange, which is the issuing authority for the FTX Token, lives on the potential of the token. A leading cryptocurrency exchange in both controlled and decentralized markets as of March 2022, according to the platform's website. An increasing demand for FTT is due to the fact that it is widely accepted.

Source: Statista
Source: Statista

In addition to FTT, assets like as Decentraland (MANA), Shiba Inu (SHIB), USDC, USDT, and Polygon (MATIC) are owned by the top-1,000 wallet addresses. In order to be successful in the short, medium, and long term, traders must get familiar with how whales trade.

A total of $14,995,307 was in the wallets' average balance as of the time of publication, which equals 360,033 FTX tokens.

Source: WhaleStats

What's going on with FTX?

The FTX IndiGG IEO has been made available by FTX. An Initial Exchange Offering is a method of distributing new crypto tokens to investors or the general public. Only KYC level 2 account holders will be able to participate in the IndiGG and $INDI sales, which will begin on March 8, 2022.

** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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