{"id":10192,"date":"2022-07-11T19:58:16","date_gmt":"2022-07-12T00:58:16","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10192"},"modified":"2022-07-11T19:58:18","modified_gmt":"2022-07-12T00:58:18","slug":"crypto-whales-are-pouring-capital-into-one-ethereum-based-altcoin-as-bitcoin-taps-22000-on-chain-data","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10192","title":{"rendered":"Crypto Whales Are Pouring Capital Into One Ethereum-Based Altcoin As Bitcoin Taps $22,000: On-Chain Data"},"content":{"rendered":"\n

New data reveals Ethereum (ETH) whales are pouring hundreds of thousands of dollars into one altcoin as Bitcoin (BTC) rises to $22,000.<\/p>\n\n\n\n

According to whale-watching protocol WhaleStats, the planet\u2019s top 500 ETH whales are gobbling up FTX Token (FTT), the native digital asset of crypto exchange platform FTX.<\/p>\n\n\n\n

\"\"<\/a>
Source: WhaleStats<\/figcaption><\/figure>\n\n\n\n

The statistics show FTT is the third most acquired token among the deep-pocketed investors, only behind dollar-pegged stablecoin USD Coin<\/a> (USDC) and leading smart contract platform Ethereum,<\/a> which saw $709,711 and $281,822 in average purchases, respectively.<\/p>\n\n\n\n

However, FTT had the highest net gain in terms of inflows as just $27,030 worth of the crypto asset was sold by the whales. USDC and ETH saw outflows of $881,683 and $132,139, respectively.<\/p>\n\n\n\n

\"\"<\/a>
Source: WhaleStats<\/figcaption><\/figure>\n\n\n\n

Rounding out the top five are two other stablecoins, Tether<\/a> (USDT) and Binance USD<\/a>(BUSD).<\/p>\n\n\n\n

Other prominent crypto assets that crack the top 10 include oracle network\u00a0Chainlink<\/a>(LINK), stablecoin\u00a0Dai<\/a>\u00a0(DAI), meme token\u00a0Shiba Inu<\/a>\u00a0(SHIB), decentralized exchange platform\u00a0Serum<\/a>\u00a0(SRM) and Ethereum scaling solution\u00a0Polygon<\/a>\u00a0(MATIC).<\/p>\n\n\n\n

The data also unveils that FTT overall is the sixth most held token by high-net-worth ETH whales behind stablecoins USDC and USDT, Dogecoin competitor ShibDoge (SHIBDOGE) and SHIB.<\/p>\n\n\n\n

FTT comprises just over 3.5% of the whales\u2019 portfolios, coming in with a total value of $224 million.<\/p>\n\n\n\n

FTX Token<\/a> is trading for $27.45 at time of writing, a slight decrease on the day.<\/p>\n\n\n\n

\"\"<\/a>
Source: WhaleStats<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

New data reveals Ethereum (ETH) whales are pouring hundreds of thousands of dollars into one altcoin as Bitcoin (BTC) rises<\/p>\n","protected":false},"author":1,"featured_media":10193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3456,3426,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10192"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10192"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10192\/revisions"}],"predecessor-version":[{"id":10197,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10192\/revisions\/10197"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/media\/10193"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10192"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}