Fantom (FTM) Suddenly up 13%, What's Going On?

Fantom (FTM) jumps 13%, here's what's happening FTM $FTM FantomHackathon

observed some intriguing network activity on Fantom. According to him, on-chain data shows a significant spike in idle FTM tokens exchanging hands. This also matched a spike of 8.83 million FTM tokens flowing into crypto exchanges and a 7.04 million FTM increase in the supply on exchanges.Despite the massive rise in the last 24 hours, FTM token is down 12.19% in the past seven days following profit-taking by traders.

According to information posted by crypto analyst Ali, on-chain data from Santiment indicated that more than 246 million FTM tokens, worth $113.2 million, were sold or redistributed in the past week.After the declines of the past week, Fantom was able to locate the support at $0.412 on Feb. 13, from which it initiated a rise. FTM reached an intraday high of $0.498 at press time and might be set to mark its second consecutive day of gains.One acting as support between $0.25 and $0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aptos Explodes 10%, Bitcoin Calm Below $22K Ahead of CPI Numbers (Market Watch)Aptos and Fantom are today's top performers from the mid-cap alts.
Read more »

Netflix Schedule February 13-19: New TV & MoviesThe Upshaws Part 3 is hitting Netflix as part of the February 13-19 schedule, featuring the return of Bennie, Regina, Kelvin, and the others.
Read more »

Prime Video Schedule February 13-19: New TV & MoviesThe second and last season of Carnival Row is hitting Prime Video as part of the schedule for February 13-19.
Read more »

Our top 13 gifts of the monthFrom sleek rainjackets to moisturizing skin lotion
Read more »

HBO Max Schedule February 13-19: New TV & MoviesPoor Devil is making its debut as part of the HBO Max Schedule for February 13-19, following an 18-year-old whose father is the Devil himself.
Read more »

Hulu Schedule February 13-19: New TV & MoviesThe third and final season of Steven Spielberg’s animated revival series Animaniacs is part of the Hulu schedule for February 13-19.
Read more »