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LINK Jumps Over MATIC on ETH Whales' List to Turn Most Traded Coin for Them

Mon, 02/14/2022 - 13:04
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Yuri Molchan
Chainlink has outperformed MATIC to become most frequently traded coin by largest Ethereum holders
LINK Jumps Over MATIC on ETH Whales' List to Turn Most Traded Coin for Them
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As reported by WhaleStats, a Twitter account that shares data on the top 1,000 list of richest Ethereum investors, Chainlink's native coin, LINK, has flipped that of Polygon (MATIC) to jump to the spot of the most traded crypto by largest whales betting on Ether.

Meanwhile, MATIC is ahead of LINK on the list of the top 10 assets actively bought by ETH whales.

LINK flips MATIC, preferred by ETH whales again

According to a recent tweet by the aforementioned source, the top 1,000 ETH whales are again trading more LINK than any other cryptocurrency. Over the past few months, three coins have been actively flipping each other on that position: Shiba Inu (SHIB), Chainlink (LINK) and Polygon (MATIC).

Earlier today, SHIB clinched MATIC as the most traded currency, then Polygon's coin recaptured that position, and now MATIC has been exchanged for LINK in that spot.

SHIB, however, remains the asset with the biggest value in USD for the top 1,000 ETH owners.

According to WhaleStats, ETH whales are now holding a cumulative 11,188,073 LINK, which comprises $172,730,386.

MATIC ahead of LINK as top purchased coin

An earlier tweet posted by the WhaleStats service shows that MATIC is far ahead of Chainlink's native coin on another list related to the top 1,000 ETH whales. Polygon's asset is in fourth place among the top 10 cryptocurrencies actively purchased by ETH holders over the past 24 hours.

ETH is in second place here, and LINK comes in ninth.

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Whales picking millions of MATIC

WhaleStats has also shared that, recently, large ETH whales (on the top 1,000 list) have purchased a total of 2,750,000 MATIC tokens worth $2,100,000.

Two acquisitions of 1,250,000 and 1,050,000 tokens were made by whales ranked 347th and 390th on the WhaleStats scale of the top 1,000 ETH holders. That is the equivalent of $1,764,000.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.