Whales Keep Buying MATIC and LINK, While Holding Large Amount of SHIB
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Analytics provided by WhaleStats crypto data tracker shows that two major ETH holders have grabbed more than $5.2 million worth of LINK and MATIC, while the crypto market continues to decline.
In the mean time, the largest ETH whales already hold almost $200 million worth of Polygon's MATIC and LINK, as well as $1.2 billion in SHIB tokens.
SHIB and ETH whales grab more MATIC and LINK
According to WhaleStats, over roughly the past 20 hours, two Ethereum whales from the list of the largest 1,000 ones have expanded their holdings of MATIC and LINK.
A whale ranked 374th has bought 300,000 Chailink worth $4,061,999. He now owns a total of $4,826,508 worth of this token, which comprises 5.24% of his portfolio. The biggest part of his holdings is concentrated in Windows and Twitter tokens: 46.8% and 28.85% of his total crypto riches.
? An ETH whale just bought 300,000 $link ($4,061,999 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) February 28, 2022
Ranked #314 on WhaleStats: https://t.co/b8k05tR68R
Transaction: https://t.co/190TpNuLcR#LINK #ERC20 #DEFI #ETH #whalestats
Another large Ethereum investor has purchased 832,990 MATIC. This constitutes $1,249,485 in fiat. This cryptocurrency investor already owns $9,850,613 worth of Polygon – 5.63% of the total portfolio.
? An ETH whale just bought 832,990 $matic ($1,249,485 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) February 27, 2022
Ranked #374 on WhaleStats: https://t.co/WXSG9vh0FC
Transaction: https://t.co/tMaE2KXunV#ethereum #whalestats
He holds $32,324,336 worth of Ethereum as well.
Yuri MolchanWhales own over $1.2 billion in SHIB
Despite favoring the second most popular crypto, Ethereum, the top 1,000 ETH whales also bet a large portion of their funds on meme cryptocurrency SHIB, whose potential is not considered high by some in the community of crypto investors.
WhaleStats website shows that ETH whales at the moment are holding $1,277,297,247 – 14.98% of their portfolios. The overall amount of MATIC owned by them is $180,041,196 (2.11%) and $167,300,758 worth of Chainlink (1.96%). LINK is also the token used in the majority of trading operations at the moment, while SHIB comes third after Ethereum and FTX Token by U.S. dollar value.
In the meantime, the majority of the top 100 cryptocurrencies are in the red, including Bitcoin and Ethereum.
Related articles
Gamza Khanzadaev
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov