Fantom, the DAG-based smart contracts platform offering Defi services, has once again witnessed strong network activity in recent weeks. In the last 24 hours, the Fantom (FTM) price has surged by 13% shooting up all the way to $0.81 with a market cap of $2.26 billion. Moreover, the daily trading volumes for Fantom have also surged by 37% all the way to $538 million.
Fantom Network Sees Strong Whale Activity
Renowned crypto analyst Ali Martinez delves into the dynamics of Fantom ($FTM), revealing promising trends within the network. Martinez emphasizes that while the Fantom chart may appear complex, it signifies notable developments.
Specifically, there has been a marked increase in whale transactions, accompanied by a rise in the holdings of major FTM investors. Additionally, there has been a notable reduction in FTM balances held on exchanges.
Courtesy: Ali Martinez
These network trends are seen as key drivers behind the recent surge in Fantom’s price. Martinez interprets these deve
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