As much of the crypto market continues to recover, the world’s richest Ethereum whales are packing these two rapidly rising altcoins.
According to data from WhaleStats, the top 1000 Ethereum addresses last week, Ethereum (ETH) and stablecoins USD Coin (USDC) and Tether’s(USDT) then more than any other crypto asset Polygon (MATIC) and Chainlink (LINK) he bought.
Polygon is a blockchain scaling solution that aims to facilitate the widespread adoption of decentralized applications on the Ethereum blockchain. Its native token, MATIC, is currently trading at $2.33, up more than 17% from where it was priced a month ago, and down nearly 20 percent from its all-time high.
In one large Polygon transaction in particular, an Ethereum whale bought more than $15.2 million of MATIC in a single trade. According to WhaleStats data, the average MATIC purchase by the first 1000 ETH whales is around $530,000.
Again, this week, LINK surpassed Litecoin (LTC) to become the most traded token among the top 1000 ETH wallets, according to Whalestats data.
Chainlink is a decentralized oracle service that connects smart contracts and allows any blockchain to access real-world data. The network’s native token, LINK, is trading at $26.12, up nearly 30 percent from where it was priced a month ago, and down more than 50 percent from its all-time high.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.