They hold a total of 322.72M $FTT($7.44B), accounting for 98.12% of the total supply.
$FTT is highly concentrated in a small number of addresses.
8.
Among the top 50 holders.
Alameda & FTX holds a total of 245M $FTT($5.65B), accounting for 74.51% of the total supply.
Binance holds a total of 24.35M $FTT($56M), accounting for 7.4% of the total supply.
9.
We analyzed the addresses with a net asset value of more than 1w USD of Alameda and found that Alameda only has $180M assets, of which the stablecoin assets are less than $60M.
10.
Next, We analyzed FTX's two wallets and found that FTX holds assets worth $2.71B, of which nearly $1.2B worth of $FTT.
Stablecoin assets are about $240M.
11.
So FTX & Alameda currently holds about $300M of stable currency assets.
These stable currency assets are not enough to buy 60% of the 23M $FTT transferred by this whale.
So once the big whales start to sell $FTT, it is very likely that $FTT will crash.
12.
If you hold $FTT or plan to short/long $FTT, be sure to keep an eye on the big whales.
Join our group and we'll send you alerts about $FTT.
ImmutableX transferred 68.3M $IMX($47.8M) to address “0x7340”.
Then “0x7340” deposited 47.6M $IMX($33M) to Immutable X: Bridge, transferred 1.2M $IMX($839,475) to #Coinbase, and transferred 19.5M $IMX($13.6M) to a new address “0x9ac2”.