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Whale Accumulates 3.2 Million FTM Ahead Of Fantom’s Rebranding To Sonic
A recent crypto whale has made significant moves in the market, withdrawing a staggering 2.82 million FTM (valued at $2.2 million) from Binance and transferring it to an address associated with the investor, 0xFd5…F3f83. This is not the first time this investor has interacted with FTM, as records show that he traded the token three years ago.
The total balance in the specified address now stands at 3.2 million FTM, indicating a substantial accumulation by the whale ahead of Fantom’s planned rebranding to Sonic. The news of the rebranding has been met with widespread support from major cryptocurrency exchanges, including Binance.
The upgrade and rebranding of Fantom to Sonic 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 aims to handle over 10,000 transactions per second, supported by a robust incentive program.
Source: nulltx.com
