Ethereum whales are gobbling up a new favorite altcoin, temporarily displacing Shiba Inu (SHIB) as the top alternative digital asset amongst big buyers.
Data from whale-surveilling platform WhaleStats indicates the top 1000 largest Ethereum wallets are now holding more than $1.54 billion worth of FTX Token (FTT).
The total value of FTT held by whales briefly skirted above $1.60 billion, enough to temporarily make FTT the biggest token position by dollar value, excluding Ethereum (ETH), among the top 1000 Ethereum whales.
That title has now reverted back to the popular Ethereum-based memecoin Shiba Inu. The top 1000 ETH addresses hold more than $1.78 billion worth of SHIB at time of writing.
FTT is the exchange token of FTX, a cryptocurrency derivatives trading platform for futures, leveraged tokens and over-the-counter trading. The 35th-ranked crypto asset by market cap is trading at $38.54 at time of writing, down 1.64% in the past 24 hours.
WhaleStats also notes that the top 1000 Ethereum wallets hold more than $568 million worth of OKB, a cryptocurrency issued by OKEx Blockchain Foundation. The OKB utility token allows traders on the crypto exchange OKEx to pay for fees, earn interest and participate in new digital asset projects.
OKB, the 28th-ranked crypto asset by market cap, is trading at $28.52 at time of writing, down 4.84% in the last day.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia