Whales buying FTM 🐋
Friends, hello everyone. Yesterday with the team we analyzed purchases of large wallets and found something interesting.
🔎 On March 9, we noticed a significant increase in whale purchases of FTM token. But that's not all. There was also a sharp decline in coins on exchanges. This means that many people simply withdraw this token to their wallets in order to store them in a safer place, as they intend to keep them for the long term.
Also, a "smart address" with a high spot trading win rate has purchased $6.4 million worth of this coin in the last 5 days, with the last purchase made yesterday afternoon for $886,000 (the picture shows this).
❕ Even with the entire market rising over the past week, many large wallets expect the uptrend to continue. All factors are pointing us to a bullish bias. Personally, I believe the upward trend will continue. There is no fall after touching with ATH, and this is a strong signal for further market growth.
Not a financial recommendation.
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