The richest Ethereum whales across the globe are gobbling up two surging altcoins at a rapid rate as most of the crypto market continues to sputter.
WhaleStats reports that in the past week the top 1000-largest Ethereum addresses have purchased Polygon (MATIC) and Chainlink (LINK) more than any other crypto assets after Ethereum (ETH) and the stablecoins USD Coin (USDC) and Tether (USDT).
Polygon is a blockchain scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum blockchain. Its native token, MATIC, is currently trading at $2.33, up more than 17% from where it was priced one month ago.
In one particularly large Polygon transaction, an Ethereum whale purchased more than $15.2 million worth of MATIC in a single trade. The average MATIC purchase among the top 1000 ETH whales is about $530,000, according to WhaleStats.
This week, LINK also flipped Litecoin (LTC) as the most traded token among the top 1000 ETH wallets, according to WhaleStats.
Chainlink is a decentralized oracle service connecting smart contracts and allowing any blockchain to access real-world data. The network’s native token, LINK, is trading at $26.45 at time of writing, up more than 34.7% from where it was priced one month ago.
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/Corona Borealis Studio/Sensvector
This news is republished from another source. You can check the original article here
Be the first to comment