Large Ethereum Whales Accumulating Chainlink, Serum and Two Decentralized Finance Altcoins: On-Chain Data

The largest Ethereum (ETH) whales in the world are accumulating decentralized oracle network Chainlink (LINK) and several altcoins that prioritize decentralization.

According to blockchain tracker WhaleStats, the top 100 Ethereum whales are currently most interested in a pair of stablecoins and over a half dozen altcoins, with Chainlink in sixth place and seeing an average buy-in of $186,693 for 25,576 LINK tokens.

Ethereum whales are also scooping up decentralized derivatives exchange Serum (SRM), spending on average $299,901 for 249,918 SRM tokens.

The wealthy investors are keen on the decentralized finance (DeFi) sector, particularly the yield-optimizing protocol Yearn.Finance (YFI). The whales bought three YFI tokens for an average price tag of $25,883.

Decentralized exchange aggregator 1inch (1INCH) finds itself in 10th place this week, as the whales shelled out $3,020 to acquire 3,096 1INCH tokens.

Coming in second overall was FTX Token (FTT), the native asset of the FTX cryptocurrency exchange, with an average buy-in of $301,121 getting the whales 9,847 FTT.

Eighth on the list is Rari Governance (RGT), the native token of the DeFi startup Rari Capital, and the rich wallets bagged 1,482 RGT tokens for $10,240.

In ninth place is Tribe (TRIBE), the governance token of the Fei Protocol which aims to bring stablecoin economics to DeFi. The whales spent on average $6,936 for 27,557 TRIBE.

US Dollar Coin (USDC) and Tether (USDT) are the two most accumulated stablecoins among ETH whales, with USDC actually taking the first spot among the top 10 popular tokens with an average buy-in exceeding $1.62 million.

Source: WhaleStats

Ethereum itself ranks fifth overall with the whales spending an average of $241,251 to accumulate 119 ETH tokens.

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

&nbsp
Check Latest News Headlines

 

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/DomCritelli

Leave a Reply

Your email address will not be published.