Large Ethereum Holders Are Actively Accumulating Three Crypto Exchange Tokens

Fresh data shows the world’s biggest Ethereum whales are stocking up on several altcoins that power crypto exchanges.

The latest numbers from WhaleStats reveal the 1,000 wealthiest non-exchange Ethereum addresses are invested heavily in FTT, the native token of the FTX cryptocurrency marketplace. FTT currently accounts for 7.24% of all holdings at a value of over $1.6 billion.

At time of writing, FTT is ranked third on the WhaleStats top 10, with the average quantity held per wallet being 39,274 tokens valued at $1.6 million per holder.

Also making the list is OKB, the utility token of the OKEx cryptocurrency spot and derivatives exchange. The site caters to traders, miners and institutional investors.

Whale wallets have allocated 2.78% to OKB for a total value of $633 million. Making OKB fifth on the WhaleStats list, with the average number of tokens owned at 19,496 for a value of $633,247.

Last on the list is Bitpanda Ecosystem Token, whose native token BEST runs on the Ethereum blockchain. The Austria-based Bitpanda marketplace has nearly 2.7 million customers and was recently valued at over $4 billion.

WhaleStats reports that BEST accounts for 2.12% of total holdings with a value above $483 million. The average wallet owns 454,945 tokens for a value of $483,173.

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The post Large Ethereum Holders Are Actively Accumulating Three Crypto Exchange Tokens appeared first on The Daily Hodl.