Alt Coin

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.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/Blackdog1966/Natalia Siiatovskaia

Related posts

Ripple Competitor Announces Plans To Roll Out Smart Contracts in 2022

Crypto Advisor

Trader Says Terra (LUNA) Following Corrective Path of Chainlink (LINK), Warns of Downside Risk of Fantom (FTM)

Crypto Advisor

Biggest Ethereum Whales Loading Up on Three Decentralized Finance Altcoins As Top Wallet Buys $17,000,000 Worth of Sushi

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More