The richest Ethereum whales across the globe are gobbling up two surging altcoins at a rapid rate as most of the crypto market continues to sputter.
WhaleStats reports that in the past week the top 1000-largest Ethereum addresses have purchased Polygon (MATIC) and Chainlink (LINK) more than any other crypto assets after Ethereum (ETH) and the stablecoins USD Coin (USDC) and Tether (USDT).
Polygon is a blockchain scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum blockchain. Its native token, MATIC, is currently trading at $2.33, up more than 17% from where it was priced one month ago.
In one particularly large Polygon transaction, an Ethereum whale purchased more than $15.2 million worth of MATIC in a single trade. The average MATIC purchase among the top 1000 ETH whales is about $530,000, according to WhaleStats.
This week, LINK also flipped Litecoin (LTC) as the most traded token among the top 1000 ETH wallets, according to WhaleStats.
Chainlink is a decentralized oracle service connecting smart contracts and allowing any blockchain to access real-world data. The network’s native token, LINK, is trading at $26.45 at time of writing, up more than 34.7% from where it was priced one month ago.
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