The 1,000 largest Ethereum whales bought the most from Chainlink (LINK) and stablecoins USDC and USDT during the past day. Apart from that, transactions related to small altcoins were also carried out. Here are the details…
Whales buy the most from LINK and these coins
According to the Whale Stats platform, which shows the on-chain data of whales, whales are the most popular during the past 24 hours. Bought from various stablecoins and Ethereum. As we reported onKriptokoin.com , stablecoins are cryptocurrencies that are pegged 1:1 to the US dollar or any other asset. The whales also focused on the well-known cryptocurrencies FTX Token (FTT), Chainlink (LINK), Yearn Finance (YFI). Here is the list of altcoins with the highest purchases in terms of US dollars:
- USD Coin (USDC)
- Ethereum (ETH)
- Tether (USDT)
- FTX Token (FTT)
- Serum (SRM)
- Chainlink (LINK)
- Yearn Finance (YFI)
- Rari Governance Token (RGT)
- Tribe (TRIBE)
- 1inch (1INCH)
there were also small altcoins
Whales made transactions for two small altcoins. Over the past seven days, whales have bought Pendle (PENDLE) and PAR Stablecoin (PAR) the most, according to Whale Stats, which deals with whale movements for altcoins that are small by market cap. Meanwhile, the most held coin by whales is seen as the UNI native token of the decentralized exchange Uniswap. On the other hand, FTT is held the most by US dollar value.
A cryptocurrency whale, more commonly referred to as a “crypto whale” or simply “whale,” is a cryptocurrency community term that refers to individuals or organizations that hold large amounts of cryptocurrency. Whales have as much cryptocurrency as they have the potential to manipulate currency valuations.
Achieving whale status in the cryptocurrency space is subjective. In most cases, the community seems to agree that a large percentage of existing coins whale an account. Overall, whales seem to make up more than 10 percent of the total number of a given cryptocurrency.
