A crypto whale recently withdrew 2.82 million FTM (valued at $2.2 million) from Binance, transferring the tokens to the address 0xFd5…F3f83.
This isn’t the first time this investor has interacted with $FTM—records show he traded the token three years ago. Currently, the total balance in the address stands at 3.2 million FTM.
被套住的时候，「ETH 波段胜率 85% 老哥」也没闲着😆
两小时前他从 #Binance 提出 282 万枚 FTM（约 220 万美金），这并不是他首次建仓 $FTM ，实际上早在 3 年前他就玩过该代币的波段哈哈；目前建仓代币已被转移至地址 0xFd5…F3f83，共持有 320 万枚
此外，老哥在 12.20 以均价 $3506 抄底的… https://t.co/2TXQerOBZr pic.twitter.com/na6Q1BIDCI
— Ai 姨 (@ai_9684xtpa) December 30, 2024
However, not all of the whale’s trades are performing well. His position in 13,453 WETH, bought at an average price of $3,506 on December 20, has incurred a significant unrealized loss of $1.2 million.
FTM Rebranding to Sonic
The upcoming upgrade and rebranding of Fantom (FTM) to Sonic have garnered support from nearly all major cryptocurrency exchanges, including Binance. This shift is set to mark a new phase for the platform, which is evolving into a high-performance Layer 1 protocol with a secure gateway to Ethereum. Sonic is designed to handle over 10,000 transactions per second, supported by a robust incentive program.
Binance has announced its support for the transition, including a token swap and delisting of all current $FTM spot trading pairs. The delisting will occur on January 13th at 03:00 UTC, with all pending $FTM spot orders canceled. On January 16th at 08:00 UTC, Binance will launch new trading pairs for $Sonic, including S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT.
🔥 @Binance to support Fantom $FTM token swap and rebranding to @0xSoniclabs $S
On January 13th at 03:00 UTC, #Binance will delist all existing $FTM spot trading pairs and cancel all pending FTM spot trading orders, and on January 16th at 08:00 UTC, Binance will open trading for… pic.twitter.com/xhQAer0cF1
— PHOENIX – Crypto News & Analytics (@pnxgrp) December 24, 2024
With strong institutional backing and enhanced features, Sonic aims to establish itself as a leading player in the Layer 1 blockchain space, leveraging its rebranding to attract new users and expand its ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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