Chainlink - The Most Traded Token Among Ethereum Whales.

Chainlink - The Most Traded Token Among Ethereum Whales.

2021-11-22 | Selina Mathew

Chainlink - The Most Traded Token Among Ethereum Whales.

According to the WhaleStats tracking service, Chainlink (LINK) has become the most traded cryptocurrency among the 1,000 biggest Ethereum wallets. The token's total volume was around $2 million. Whales have preferred to trade Chainlink above more well-known tokens like SHIB, CRO, OKB, and others in the previous 24 hours. According to the holdings leaderboard, Chainlink is still in 19th place, with $467 million in holdings among the network's top wallets. Due to a worldwide market downturn that occurred on both the Bitcoin and altcoin markets last week, whales left the bulk of their previously established positions. The SHIB token is still the most favored among whales. Unfortunately for LINK holders, the token dropped more than 3% of its value over the weekend before regaining about 9%. The ongoing sell-off might be linked to Bitcoin's price movement. The price of digital gold fell by almost 4% over the weekend. According to some analysts, the cryptocurrency market correction might be linked to a worldwide risk-off on financial markets. LINK is currently trading at $27.45 USD, down 2.43% from its previous high. Chainlink has lost 17% and 30% of its local peak hit on Nov. 10 after Bitcoin also tested the new high in the previous month. Chainlink - The Most Traded Token Among Ethereum Whales.

Chainlink Price Chart - Source: CoinMarketCap

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