Whale surveillance resources are leading these coins in terms of holdings, with the most abundant wallet addresses on the Ethereum network being loaded into Polygon ($ MATIC) and Chainlink ($ LINK) as the crypto market recovers. I found that it was only Ethereum ETH and Stablecoin.
According to WhaleStats data first discovered by DailyHodl, the largest 1,000 addresses on the Ethereum network have been loaded into Polygon and Chainlink over the past few days, along with ETH and major stablecoins USDC and USDT.
According to monitoring resource data, the top Ethereum whales have bought the most tokens in the last 7 days: ETH, with an average purchase of $ 1.1 million, followed by USDC with an average purchase of $ 830,000 and USDT with an average purchase. The amount was $ 550,000. ..
Given the recent downturn in the crypto market, whales may have fallen in price and loaded into stablecoin to wait for bystanders to accumulate ETH and other altcoins at lower prices. ..
The top altcoins added by these large owners were Polygon’s MATIC with an average purchase of $ 67,000 and Chainlink’s LINK with an average purchase of $ 35,000. Next was BUSD, with an average purchase of $ 23,000, followed by wrapped Bitcoin (WBTC) with an average of $ 10,000 per purchase.
The data show that both MATIC and LINK have increased by 12% and 33%, respectively, over the last 30 days, while BTC has decreased by almost 13% over the same period.
Notable polygons are “Protocols and Frameworks for Building and Connecting Ethereum-Compatible Blockchain Networks.” “Scalable solutions on Ethereum that support the multi-chain Ethereum ecosystem” will be aggregated. Its price has skyrocketed recently after the Associated Press, a 175-year-old news agency, announced that it would launch an NFT marketplace on its network.
Chainlink, a decentralized oracle network that provides real-world data to smart contracts on the blockchain, reports whale accumulation over the past few months. The Associated Press began providing economic, sports and election data to Chainlink through a partnership last year.
The views and opinions expressed by the author or those mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.
Featured image via Crafted on pixabay