The crypto whale who held on tightly to the altcoin he bought two years ago has finally made a new transaction. Here are the details.
According to crypto on-chain data, a major crypto whale moved an altcoin to Binance after holding it for a long time and most likely sold it.
Onchain data shows that the crypto whale moved 10 million Fantom (FTM) tokens worth $8.17 million to Binance.
This whale accumulated 23.45 million FTM tokens at a price of $0.618 approximately two years ago.
However, the whale wallet may be waiting for the Fantom (FTM) tokens to be rebranded as Sonic (S) or it may sell. In the event of a sale, when the data is examined, we can say that this crypto whale has made a profit of approximately $ 2 million after the two-year waiting period.
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FTM, the world’s 59th largest cryptocurrency, can currently be exchanged for S tokens. However, FTM’s performance has not been very impressive despite the exchange process. The token has lost 21% of its value in the last month and is trading 77% lower than its all-time high.