July 23, 2024
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LINK Now The Most Traded Token Among Ethereum Whales Within 24 Hours

LINK

Chainlink, LINK is now the Cryptocurrency with the most trades among the 1,000 largest Ethereum wallets. Of course, this is according to the WhaleStats tracking service.
Currently, The token’s volume sits at $2 million approximately.

So, within 24 hours, whales trades LINK more than popular tokens like SHIB, CRO, OKB and others.
Furthermore, Holdings leaderboard shows that LINK is maintaining the sixth place, with $380 million in holdings among the largest wallets.

Recall, Last week, whales moves from the majority of their last positions bacuse of the general market correction. Notably, The most popular token for whales still remains the SHIB token.

Additionally, for LINK holders, the token losses over 7% of its value, then gains back approximately 9% on the weekend.

Also, the sell off is with links to the Bitcoin’s price action, as it losses around 4% on the weekend. Which, acccoridng to some analysts, it has links with the global risk-off on financial markets.

Currently, LINK is trading at $27.2 and losing 6.5% of its value. Lastly, Chainlink loses 17% and 30% of the local peak on Nov. 10 after Bitcoin also tests the new high.

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