Fantom Price Strategy: Why Ethereum Whales Are Accumulating FTM Over Shiba Inu
Are you wondering why Fantom (FTM) is gaining momentum while other altcoins struggle? The answer lies in a strategic shift by Ethereum whales, who are increasingly choosing FTM over Shiba Inu (SHIB). This trend indicates a bullish future for Fantom and offers valuable insights into the FTM price strategy.
Whales Flip to Fantom: The Data Speaks Volumes
According to data from whale tracking service WhaleStats, Fantom (FTM) has recently flipped SHIBA INU (SHIB) to become the most traded token among the largest 1000 whales on the Ethereum network. This significant shift in whale activity highlights a growing confidence in Fantom\'s potential and a potential decline in Shiba Inu\'s allure for these major investors. The big Ethereum whales have been active during the current market dip. Data from Whalestats showed that the top 100 Ethereum wallets were buying Fantom.
Fantom Price Surge: Retail Accumulation and Whale Support
The Fantom price is responding more to the retail accumulation than to the whale sell-off. The token is changing hands, showing significant growth. Fantom reached a 52-week high today following a 20% price surge. At the time of writing, FTM is approaching a critical resistance level. The recent performance of Fantom (FTM), characterized by its substantial price appreciation driven by significant whale accumulation, offers a stark contrast to the price declines experienced by some other cryptocurrencies.
A Closer Look at Whale Activity
The on-chain analytics platform spotted a big whale who spent 420 Lido wstETH tokens ($2 million) to buy 1.47 million FTM tokens in a single transaction. Another cryptocurrency whale, identified by the handle 0xfd5, has made a significant purchase of Fantom (FTM) tokens, acquiring 2.818 million tokens for 2.23 million USDC.
FTM Price Prediction: Bullish Signals and Potential Targets
Fantom shows strong bullish signals with increased whale accumulation, rising social volume, and a long/short ratio above 1.07. FTM\'s price action suggests a possible climb. With a strong support level and rising accumulation, FTM\'s price could aim for higher targets. Although Fantom (FTM)’s price has increased, there\'s room for further growth if it breaks through key resistance levels.
Analyzing FTM\'s Technical Indicators
At the time of writing, FTM\'s price is being observed carefully. If FTM breaks above resistance, the outlook is positive. Monitoring trading volume and whale activity remains crucial for predicting short-term price movements. Ver más analysis and insights are available for those seeking a deeper understanding.