The top 1000 ETH whales are accumulating both Shiba Inu and FTX Token almost equally this week. SHIB dominated the ETH rich list for two months but has now slipped to second place as FTX Token took the sweet top spot. On average, whales have picked up approximately $100 million worth of FTX tokens in their transactions.
However, FTX and SHIB are still close as whales hold 13.61% FTX Tokens and 12.23% of Shiba Inu tokens respectively. While whales hold $1.5 billion worth of FTX Tokens, they hold $1.4 billion worth of SHIB. Whale movements in FTX signal that the token might be heading north in the coming months.
Whales increased their entry positions in FTX from November 2021 and steadily accumulated tokens up until today. On the other hand, ETH whales began taking entry positions in SHIB from July 2021 and never stopped accumulating it since then. There’s news about whales buying large amounts of SHIB almost every two days and remains to be their favorite meme token.
Both tokens have slipped more than half of their ATH and the whales are making good use of the dip by buying more. Apart from FTX and SHIB, whales are buying GALA, FTM, BEST, OKB, CRO among others. Tokens revolving around Metaverse and meme-coins seem to be the top choice among the ETH-rich list.
FTX is a promising token and has spiked +467.5% since last year. On the other hand, SHIB is up +29511563.1% since the last 365-trading days. FTX had reached an all-time high of $84 in September 2021 but is now down -50.4% from its ATH. SHIB had touched the $0.00008616 mark in October 2021 and is down -62.1% from its ATH.
FTX Token Vs Shiba Inu
Investors are spoilt for choice when it comes to the crypto market as the number of tokens available is endless. However, both FTX and SHIB are popular investments, and holding on to these could reward investors handsomely in the future. FTX is also good for day trades as the token displays volatility in its price while SHIB does not.
At the time of publishing, Shiba Inu was trading at $0.00003281 and is up +0.24% in the days’ trade. FTX on the other hand is trading at $41.83 and is up +5.8% in the 24-hours day trade.
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