Whale Investor Accumulates Significant FTM Holdings Ahead of Fantom’s Rebranding to Sonic

Whale Accumulates 3.2 Million FTM Ahead Of Fantom’s Rebranding To Sonic

A significant whale investor has accumulated a staggering 3.2 million FTM tokens, just ahead of Fantom’s highly anticipated rebranding to Sonic. This massive accumulation has sparked immense interest and speculation within the cryptocurrency community.

According to recent transactions, a crypto whale withdrew 2.82 million FTM (valued at $2.2 million) from Binance and transferred it to an address identified as 0xFd5…F3f83. This is not the first time this investor has interacted with FTM; records show he traded the token three years ago. As of now, the total balance in the address stands at a whopping 3.2 million FTM.

The whale’s transaction history reveals that he previously traded the token three years prior to this recent accumulation. This development raises several questions regarding his intentions behind such a massive buy-in. It is essential for traders and investors to closely follow the performance of this investor, as their actions may have significant implications on the market.

In related news, Fantom’s upcoming rebranding to Sonic has gained widespread support from prominent cryptocurrency exchanges, including Binance. This shift marks a new era 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, backed by a robust incentive program.

Binance has announced its support for this transition, including a token swap and delisting of all current FTM spot trading pairs. The delisting will take place on January 13th at 03:00 UTC, with all pending FTM spot orders canceled. On January 16th at 08:00 UTC, Binance will introduce new trading pairs for $Sonic, including S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT.

The rebranding of Fantom to Sonic seeks to establish itself as a leading player in the Layer 1 blockchain space. By leveraging its rebranding, it aims to attract new users and expand its ecosystem.

Source: nulltx.com