Coin Edition -
- Crypto trader Ali tweeted that there has been some interesting on-chain activity for Fantom.
- Recent on-chain data shows that approximately 246 million FTM tokens have been redistributed.
- FTM’s price is currently resting on a key support level.
The crypto trader Ali tweeted today that on-chain data from Santiment shows more than 246 million Fantom (FTM) tokens were sold or redistributed over the past week. The tweet added that the total amount is approximately worth $113.2 million.
The trader posted a second tweet related to the altcoin today. According to the tweet, there has been some “intriguing network activity” on the Fantom blockchain. Furthermore, on-chain data shows that there has been a significant spike in idle FTM tokens exchanging hands.
At press time, the price of FTM has risen 4.79% over the last 24 hours according to CoinMarketCap. As a result, FTM’s price stands at $0.4612.
Not only did FTM strengthen against the U.S. Dollar over the last 24 hours, but it also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH). FTM is currently up 5.25% against BTC and around 5.95% against ETH.
Daily chart for …The post FTM’s Price Rests on Key Support Level After Spike in Chain Activity appeared first on Coin Edition.