Crypto Whales Splurge Over $312,000,000 on One Ethereum-Based Altcoin in Massive Accumulation Frenzy: Santiment
A leading crypto analytics firm claims that blockchain oracle Chainlink (LINK) is the subject of massive interest from owners of the digital asset.
Sentiment says that holders of between 10,000 and 1,000,000 of the Ethereum (ETH)-based altcoin have bought over 47 million more LINK during the 2022 bear market.
According to Santiment, the newly accumulated amount of the 24th largest crypto-asset by market capitalization is approximately 4.73% of Chainlink’s existing supply.
“Chainlink’s shark and whale addresses (with 10,000 to one million LINKs) have been busy accumulating during the 2022 bear market. Since March 3, these addresses have added 47.31 million LINKs to their wallets, collectively. This corresponds to 312.7 million dollars more invested.”
Chainlink is trading at $6.54 at the time of writing.
Addresses Litecoin (LTC), Santiment says that the whale transactions and address activity of the 22nd largest crypto asset by market capitalization rose this week to an 11-month high.
According to Santiment, Litecoin may have bottomed against crypto king Bitcoin (BTC).
“Litecoin has been quietly under the radar in 2022, but address activity and whale transactions have exploded this week. Especially with transactions valued at $1 million+ on the network, the timing of these spikes happened just as LTC started to rise vs. Bitcoin.”
Litecoin is trading at $51.52 at the time of writing, up over 26% from its 2022 low of $40.30.
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