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.
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Featured Image: Shutterstock/Blackdog1966/Natalia Siiatovskaia