The biggest Ethereum whales, instead of SHIB or DOGE, are accumulating 2 popular altcoin projects at the bottom price that caters to real use cases…
Not SHIB: They bought LINK and MATIC for a million
One of the biggest biggest whales “Light” and “Trinity” made moves to capitalize on the Chainlink (LINK) drop as the price hits a critical support level. As LINK price approaches the critical support level of $13.78, the biggest Ethereum whales’ appetite for the oracle token is whetting. Chainlink’s price is down more than 5% on the day and is currently trading near the main support level, around $13.88 per token. LINK briefly touched $13.18 before returning to $14.71 during the day.
As the price recovers, Ethereum whales wake up and start buying the dip. According to the last 24-hour on-chain data provided by WhaleStats, the 25th largest big ETH whale “Trinity” bought a total of 858,198 LINKs worth $12,049,104 ($12 million) in two transactions. In the first transaction, the whale withdrew 700,000 LINK to its wallet for $9,828,000 ($9.8 million). However, after about 4 minutes, he bought another 158,198 LINK for $2,221,104 ($2.2 million). Looking at Whale’s wallet, we see that Chainlink is the sixth largest HODL with 858,148 LINKs worth a total of $12,207,949 ($12.2 million).
Chainlink (LINK) one step ahead with giant purchases
Following in the footsteps of “Trinity”, another Ethereum big whale identified as “Light” jumped on the LINK wagon and bought 500,000 LINK made a single transaction worth $6,780,000 ($6 million). In just 24 hours, both whales bought 1,358,198 (1.3 million) LINKs for $18,829,104 ($18.8 million). In response to recent whale activity, Chainlink managed to surpass Polygon (MATIC) and become the most traded token among the top 1,000 Ethereum (ETH) wallets in the previous 24 hours.
According to WhaleStats data, which we have quoted as Cryptokoin.com, the first 1,000 Ethereum whales Their wallets currently have a total of 11,146,888 (11.1 million) Chainlinks, which is equivalent to $151,196,811 ($151 million).
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