Alt Coin

Richest Ethereum Whales Accumulating Two Surging Altcoins As Top Wallet Buys $15,000,000 Worth of Polygon (MATIC)

The richest Ethereum whales throughout the globe are gobbling up two surging altcoins at a speedy fee as most of the crypto market continues to sputter.

WhaleStats reports that previously week the highest 1000-largest Ethereum addresses have bought Polygon (MATIC) and Chainlink (LINK) greater than some other crypto belongings after Ethereum (ETH) and the stablecoins USD Coin (USDC) and Tether (USDT).

Polygon is a blockchain scaling resolution designed to allow the widescale adoption of decentralized apps on the Ethereum blockchain. Its native token, MATIC, is at present buying and selling at $2.33, up greater than 17% from the place it was priced one month in the past.

In one significantly giant Polygon transaction, an Ethereum whale purchased greater than $15.2 million value of MATIC in a single commerce. The common MATIC buy among the many prime 1000 ETH whales is about $530,000, based on WhaleStats.

This week, LINK additionally flipped Litecoin (LTC) as probably the most traded token among the many prime 1000 ETH wallets, based on WhaleStats.

Chainlink is a decentralized oracle service connecting good contracts and permitting any blockchain to entry real-world information. The community’s native token, LINK, is buying and selling at $26.45 at time of writing, up greater than 34.7% from the place it was priced one month in the past.

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Featured Image: Shutterstock/Corona Borealis Studio/Sensvector

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