Crypto whales have gobbled up hundreds of millions of dollars worth of top altcoin Ethereum (ETH) over the past seven days, a closely watched analyst said.
Crypto strategist Ali Martinez in a new thread says 36,100 followers on social media platform X, where wealthy traders have accumulated tens of thousands of ETH over the past week.
“Some of the biggest Ethereum whales have gone on a buying spree, stealing over 100,000 ETH in the last week alone – a whopping $230 million!”
As of this writing, Ethereum is trading at $2,171.
Dog-Themed Meme Asset Shiba Inu (SHIB) Goes to Martinez note Dogecoin (DOGE)’s rival appears to be on the rise after breaking through diagonal resistance.
“The Shiba Inu is showing signs of escaping! If SHIB holds the critical support level of $0.0000103, the next stop point for SHIB could be $0.0000140.”
SHIB is trading at $0.0000109 at the time of this writing.
We conclude our analysis with the smart contract protocol Fantom (FTM). Martinez Called The altcoin is sending bullish signals with an upward trend in network growth points towards increased demand for the tokens.
“The Fantom network is seeing bullish signals with consistently higher highs and lower lows, coupled with a steady increase in new addresses. This upward trend in network growth suggests that demand for FTM is surging. This surge in user interest may soon start to be reflected in FTM prices.”
As of this writing, Fantom is trading at $0.39.
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