FTX defeats the shiba inu and becomes the new favorite of Ethereum whales

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FTX has now become a major favorite among whales Ethereum. The place that previously belonged to the shiba inu meme has been replaced by a cryptocurrency exchange token currently on the rise. Moreover, the large purchases of Ethereum whales show a growing sentiment in the cryptocurrency market.

Ethereum whales have a new favorite

FTX made its way on the list of the largest number of tokens owned by Ethereum whales. Whale addresses are usually wallets ranging from 10,000 to one million ETH, and they often buy altcoins for diversification as well. The Shiba Inu, which rose to fame last year, made it to the top 10 portfolio and quickly became a favorite among big investors.

In most cases, the whales continued to increase their stake in the digital coin and bought the lows. However, it looks like the shiba inu time has run out as it has been replaced by another cryptocurrency.

The FTX token quickly hit the top of the leading whale wallets. Currently, the 1000 largest Ethereum wallets have a FTX worth $ 1,480,681. For comparison, the same wallets have a total SHIB of $ 1,149,573.

Shiba inu will not get the green light

One of the biggest chances for an increase in the price of shiba inu was the potential listing of the cryptocurrency on the Robinhood platform popular in the United States. However, the SHIB community has to wait as the shiba inu was unable to get a confirmation. Dogecoin – Shiba Inu’s biggest rival – can certainly take advantage of the situation.

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Robinhood has finally given the definitive answer to the shiba inu community, which has been demanding for months for the trading app to bring the coin to the stock market. CEO Vlad Tenev said recently in an interview that Robinhood will not list any new coins, including SHIB.

Shiba inu was losing on other fronts as well. The native Polygon token – MATIC – recently gained the status of the most popular cryptocurrency traded by Ethereum whales in the last 24 hours. In turn, UNI is the token most often held in the largest Ethereum wallets.

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