More On: FTX
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How easy money led to the fall of the FTX cryptocurrency
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.
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.
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.
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.
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