In the last 24 hours, the global cryptocurrency market capitalization increased by 1.69 percent to $1.73 trillion. Bitcoin and ethereum both returned strongly to start the weekend after two straight days of losses.
On Saturday, the cryptocurrency markets were up about 5 percent with most of the altcoins following the suit.
Currently we can see that major altcoin along with Bitcoin are Consolidating for long time.
Thus, Whales are stacking up top Altcoins hoping these will break out of the consolidation soon.
Top whales accumulating FTT, MATIC AND TERRA
The on-chain data tool WhaleStats has shown that some of the top ETH 1,000 whales have purchased huge amounts of FTT and Polygon’s native token MATIC, as well as some Terra Luna, in the last twenty-four hours.
Meanwhile, the cryptocurrency market has gone green, with most coins, including the three mentioned above, increasing in value.
Several of the greatest Ethereum whales, including the number four, have accumulated 4 million MATIC, worth $5,529,716 in cash, according to recent tweets from the WhaleStats platform. Whale, who is rated 105 on WhaleStats, purchased 15,720,427 FTX Token (FTT) valued $637,148,906 on WhaleStats.
MATIC, LINK, and FTT are the crypto assets on which the top 1,000 Ethereum whales have recently bet and purchased a large number of these currencies. Earlier this week, U.Today revealed that whale 297 bought roughly 3 million MATIC tokens when the market fell.
Another ETH whale added 2.3 million to their holdings on January 17, while an unknown whale shifted 3.8 million MATIC off Binance. The total value of these trades is $14.6 million.
Furthermore, an ETH whale rated 506 purchased $1.3 million worth of FTT over two weeks ago.
According to data from WhaleStats, the Shiba Inu token is currently the largest token by USD value held by the top 1,000 ETH whales. They have $2.6 billion in it (26.43 percent of their total assets), with FTX token coming in second.
Source: https://coinpedia.org/altcoin/eth-whales-stacking-these-altcoins/