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Fantom’s sprint to higher prices has mellowed, but what does it mean in the long run
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Fantom‘s story is just like that of Solana, a lesser known token. Its recent rally brought it to everyone’s attention. Beyond that, the coin has also made a mark in the DeFi space.
However, looking at its recent development, it is worth pondering over whether Fantom is losing steam or about to head in another direction.
Even though FTM recently took over Polygon to become the seventh-largest DeFi chain, its performance in the spot market hasn’t been up to the mark.
Throughout October the market has seen constant selling which is verified by the rising volumes of supply on exchanges. This selling was primarily led by whales who on an average have been conducting transactions worth $20-30 million even peaking at $53 million at one point.
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