CandleFocus Ethereum Whale Buys $2 Million FTM Tokens, Boosting Fantom Market Optimism
2024-12-07
Author: Content Editor
A large investor, known as a whale, has made a significant acquisition of Fantom (FTM) tokens, purchasing 1.47 million FTM tokens for $2 million. Over the past six days, the same investor has spent a total of $19 million worth of Ethereum to buy various cryptocurrencies. This move indicates growing interest and confidence in FTM, with investors and whales accumulating the coins and removing them from exchanges. The token's value has increased by 1.3%, outperforming the overall digital asset market. This price spike coincides with Fantom's plans to rebrand as Sonic Labs and introduce technological innovations to enhance network performance and scalability. The launch of Sonic Labs is expected before the end of the year.
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