Fantom (FTM) Price Surges Following Whale Purchase

The price of Fantom (FTM), the native cryptocurrency of the high-performance smart contract platform Fantom, has surged following a whale investment.

According to a post by blockchain analysis platform Lookonchain, a crypto whale withdrew 2.96 million USDC from decentralized lending platform Aave. The whale then spent approximately 2.23 million USDC to purchase 2.82 million FTM at a price of $0.79 per unit.

TradingView data shows that the price of FTM has increased by 6.58% on a daily basis and reached $0.8215. Etherscan data shows that the whale has 3.71 million FTM in its wallet.

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