Fresh data shows the world’s biggest Ethereum (ETH) whales are stocking up on an altcoin that powers a data feed service for the decentralized finance industry.
The blockchain-transaction tracker WhaleStats says in a tweet that oracle network Chainlink (LINK) is gaining popularity 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 latest numbers from WhaleStats reveal that among the 1,000 wealthiest non-exchange Ethereum addresses, LINK currently accounts for 2.21% of all holdings at a value of over $261.4 million.
WhaleStats also tweeted out that Chainlink had surpassed multi-chained scaling solution Polygon (MATIC) as the most traded altcoin among whales with massive bags.
One whale just went on a Chainlink shopping spree and picked up over $15 million worth of the token in a 24-hour window. The wallet now holds more than 1.3 million LINK worth 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 email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Blackdog1966/Natalia Siiatovskaia
Source: https://dailyhodl.com/2022/01/05/largest-ethereum-investors-splurge-over-260000000-on-one-crypto-asset-making-it-the-most-traded-token-among-eth-whales/