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Altcoin

Largest Ethereum Investors Splurge Over $260,000,000 on One Crypto Asset, Making It the Most Traded Token Among ETH Whales

Fresh knowledge exhibits the world’s greatest Ethereum (ETH) whales are stocking up on an altcoin that powers an information feed service for the decentralized finance business.

The blockchain-transaction tracker WhaleStats says in a tweet that oracle community Chainlink (LINK) is gaining reputation with crypto whales.

“LINK is so hot with many big transactions today.
Looking at our metrics, LINK is:
-most traded token
-on top 10 purchased tokens
-on top most used smart contracts
-among 1000 biggest ETH wallets.”

The newest numbers from WhaleStats reveal that amongst the 1,000 wealthiest non-exchange Ethereum addresses, LINK at the moment accounts for two.21% of all holdings at a worth of over $261.4 million.

Source: WhaleStats

WhaleStats additionally tweeted out that Chainlink had surpassed multi-chained scaling resolution Polygon (MATIC) as the most traded altcoin amongst whales with huge baggage.

One whale simply went on a Chainlink purchasing spree and picked up over $15 million price of the token in a 24-hour window. The wallet now holds greater than 1.3 million LINK price over $32.1 million.

At time of writing, the price of Chainlink is up 7.74% on the day to $25.10, the highest it’s been since LINK dropped from a fall peak above $38 in early November.

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Featured Image: Shutterstock/Blackdog1966/Natalia Siiatovskaia

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