By Shelly Melancon (Switzerland)
Among the Ethereum Whales, FTX has soon become the most cherished. This crypto trade token, which has been heightening in the market, has currently taken over the spot that meme coin Shiba Inu has held for a while now. Several massive purchases from Ethereum whales currently point out bullish trends regarding the digital asset as investors keep stockpiling the token.
Ethereum Whales Latest Favourite
Looking at the list of the numerous tokens Ethereum Whales possesses, it is pretty noticeable that FTX has been progressing upward at a fast rate. Whale addresses that possess ETH within the range of ten thousand and one million in their wallets have begun to venture into various altcoins to boost their portfolio.
Memecoin, Shiba Inu has carved out a tag for itself following the previous year, making it to the list of the significant ten holdings by the functional wallets and has soon become the most cherished by these investors.
Through dips and surges most times, these wallets have been able to sustain their holdings even higher. Nevertheless, it appears that the era of Shiba Inu has soon taken a toll as a new competitor has taken it over.
Having Ethereum whales invest a lot of money into the FTX exchange token, it basically has fast bloomed to the peak of the list. As of now, the major one thousand Ethereum whale wallets possess FTX tokens of about $1,480,681 value.
Comparatively, the wallets presently worth a sum of about $1,149,574 of SHIB, thereby placing FTX at least $300,000 above SHIB on the list.
Shiba Inu Not Getting The Signals
One of the most widely supported plans in the Shiba Inu community has been to be potentially listed on Robinhood. The cryptocurrency’s primary rival, Dogecoin, has been listed on the RobinHood platform as a preferred place for investors coming into the meme coin market. SHIB has not been able to obtain a confirmation for listing from RobinHood, which would enable it to be in better competition with Doge.
After several months of agitating for the trading app, RobinHood to list the coin, it had given a definite answer finally. In a recent interview with the CEO, Vlad Tenev, he stated that RobinHood wouldn’t list any new coins, not excluding SHIB. This still didn’t stop the clamor for the platform to list the coin, and Tenev has said that the firm heard the customers well enough.
Shiba Inu has also lost on various other grounds. In the last 24 hours, Polygon’s local token MATIC has surfaced as the most traded by the significant ethereum whales. UNI holds the place of being the most widely held token by the whales, while FTT(FTX Token) is the most significant token by dollar value.
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