By Alicia Maher
The popular crypto tracker, WhaleStats, has reported whale activities where a whale has a wallet with the alias “Three Arrows” and carried out three transactions on the Chainlink network.
The whale is reported to be among the high-ranking whales that purchased nearly six million LINK tokens on the DipdipDip as the coin became the token of choice for whales in the past 24 hours.
According to WhaleStats, each transaction contains 135,989 coins worth $1,872,572 in fiat. Meanwhile, LINK currently occupies the first position as the most sought-after asset for whales.
The whale in the Top 10 swooped 408 million LINK during the dip.
The other wallet occupies 10th place amongst the most significant investors on the Ethereum blockchain network. Accordingly, the LINK tokens cost the whale $5.5 million.
At the time of writing, LINK is trading at $13.91, displaying a slight drop in value by 1.93% over the past 24 hours amid a decline of 11.63% over the past week.
A cursory look into the activities of the whale shows that the whale leveraged the already known strategy of accumulating tokens during the DipdipDip to sell later when the price of the token spiked further.
LINK Token Sought By ETH Whales
The data released by WhaleStats shows that Chainlink’sChainlink’s native token currently holds the first two positions for the most significant coins handled by Ethereum whales.
As a result, LINK has become the most traded of all the tokens by ETH investors; it also makes the list of the top ten most purchased coins, holding the fifth position on the spot.
To sum it all up, the largest ETH whales hold a total of $180,685,031 worth of LINK coins, making them 2.02% of their total crypto portfolio.
Breakdown of Whales’ Crypto Portfolio
The most significant coin in the possession of whales by USD is currently Shiba Inu, where 53,604,500,817,986 SHIB is in the hands of the whales.
Other assets also in the hands of the whales is Apecoin, where a wallet purported to be in the ninth position in the past 24 hours has acquired about 324,998 APE coins worth $4million in fiat.
According to the market metrics released by CoinMarketCap, APE is currently trading at $12.11, with a 7.43% price drop over the past 24 hours.
As for MATIC, 1,499,4990 MATIC have also been bought by the whales over the same period as the other tokens.
MATIC, LINK, and SHIB, alongside FTX, seem to be the most preferred tokens of the whales due to their potential in terms of speculation and long-term gains, which has been the case over the past few years and months.
The whales are most active during the dip period, which is not surprising considering the low-value tokens have at the time and the possibility of enormous accumulation, which is what the whales are all after.
That said, an increase in whale activity may indicate future price action.