• The FTX Token is now the second most popular cryptocurrency among the top 1,000 Ethereum wallets

  • By the top-1,000 Ethereum wallet addresses, FTX Token (FTT) has surpassed Shiba Inu (SHIB) as the second most owned cryptocurrency after Ether (ETH).

    The FTX cryptocurrency exchange’s native asset is FTT. FTT reached an all-time high of $85.02 in September 2021, owing to the brisk crypto market at the time, and has witnessed an average of $50 million in daily trading activity in 2022, indicating consistent investor interest in the asset.

    FTT has become the seventh most purchased cryptocurrency during the last 30 days, which extends until the first week of February 2022, with an average purchase cost of $1.6 million and a token quantity of 40,473.

    Because of the high demand for the token among the top 1,000 Ethereum wallet addresses, they now hold more FTT than ETH.

    FTX Token thrives on the opportunities provided by its issuing authority, the FTX cryptocurrency exchange. As of March 2022, the platform is one of the major cryptocurrency exchanges in the controlled and decentralized exchanges industry. Its popularity makes FTT a popular alternative, and it has significantly contributed to the surge in demand.

    Aside with FTT, the top-1,000 wallet addresses also own Decentraland (MANA), Shiba Inu (SHIB), United States Dollar Coin (USDC), United States Dollar Tether (USDT), and Polygon (MATIC). It is critical for short-, medium-, and long-term traders to understand whale trading behavior.

    At the time of publication, the average number of FTX tokens held by wallets is 360,033, and the average amount held is $14,995,307 USD.

    What’s going on with FTX?

    The FTX IndiGG IEO has been launched by FTX. Initial Exchange Offerings, sometimes abbreviated as IEOs, entail the release of new crypto tokens to either a group of investors or the general public. The IndiGG and $INDI token sales will take place on March 8, 2022, but only KYC level 2 account holders will be able to participate.

    What's your reaction?