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MATIC Flips LINK as Most Popular Coin for Trading Among Top 1,000 Ethereum Whales

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Tue, 01/11/2022 - 11:45
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Yuri Molchan
Major blockchain data service reported that MATIC is now the most frequently traded altcoin among top 1,000 Ethereum holders
MATIC Flips LINK as Most Popular Coin for Trading Among Top 1,000 Ethereum Whales
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According to analytics data shared by WhaleStats blockchain platform, Polygon's native MATIC token has taken the title of the most-traded coin for the biggest 1,000 Ethereum whales, pushing LINK from this honorable position.

MATIC becomes fourth purchased coin

Over the past 24 hours, MATIC has become the fourth top purchased coin, with LINK following it. Ethereum holds first place here, and stablecoins USDC and USDT are in the honorable second and third places.

Recently, MATIC has proven to be one of the most popular altcoins, along with SHIB, LINK and FTX token, among whales.

Whales stock up on MATIC en masse

As covered by U.Today a few days ago, over the weekend, some of the largest Ethereum holders were purchasing great amounts of FTX, MATIC and LINK, while the whole cryptocurrency market was in decline.

On Saturday, Jan. 8, the top 1,000 ETH whales purchased an aggregate 7,275,966 MATIC tokens in three transactions – equal to $15,144,497 in total. An overall amount of 222,801 LINK was also purchased, as well as 2,458,959 FTX (worth $85,522,611).

Related
7.1 Million SHIB Burned Over 24 Hours, While 140 Million Destroyed in Past Week

On the same day, as reported by Whale Alert, anonymous cryptocurrency whales transferred 18.2 million MATIC tokens, which was equal to $12,119,079.

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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.