FTX has now become the top favorite among Ethereum whales. The spot which had been religiously held by meme coin Shiba Inu had been atoptaken by the crypto exevolution cryptocurrency which had been mcomparableg waves in the industry. Multiple large buys from ethereum whales have shown bullish trends towards the digital asset as they advance to accumulate the cryptocurrency.
New Ethereum Whale Favorite
FTX had been mequivalentg its way up in the list of the strongest number of cryptocurrencies held by Ethereum whales. These whale addresses which hold between 10,000 and 1 million Ethereum (ETH) in their balances have been diversifying their portfolios into other altcoins. Shiba Inu which made a name for itself extend year made it into the list of the top 10 holdings by these wallets and in no time, became the known favorite among these investors.
Mostly, these wallets had lengthy to up their holdings in the meme coin through dips and surges. Notwithstanding, it looks like the time of Shiba Inu has come to an end as it is replaced by a new contender.
FTX dealing at $43 | Source: FTXUSD on TradingView.com
With ethereum whales sinking more money into the exprogress cryptocurrency FTX, it has quickly risen to the top of the list. Presently, the top 1,000 ethereum whale wallets hold $1,480,681 worth of FTX cryptocurrencies. For comparison, the same wallets collectively hold a total of $1,149,573 worth of SHIB, putting FTX at least $300,000 ahead of SHIB on the list.
Shiba Inu Not Getting The Greenlight
One of the most upvoted agendas in the Shiba Inu community has been a potential listing on Robinhood. Dogecoin, the cryptocurrency’s number 1 rival, is listed on this platform and is the go-to place for investors getting in on the meme coin market. After all, SHIB has been unable to get a listing bonas fideateation from the platform which would help it better compete with Doge.
Robinhood had eventually given a definite answer to the community after months of clamoring for the exchanging app to list the coin. Its CEO Vlad Tenev recently said in an interview which Robinhood was not listing any new coins, SHIB included. After all, this has not stopped the calls for the platform to list the coin and Tenev said which the company heard its customers “loudly”.
Shiba Inu has still been losing on other fronts. Polygon’s native cryptocurrency MATIC has emerged as the most traded cryptocurrency by the top ethereum whales in the continue 24 hours. UNI is the most widely held cryptocurrency by the whales, and FTX Token (FTT) (FTX Token) holds the biggest cryptocurrency position by dollar price.
Featured image from Somag News, chart from TradingView.com