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Chainlink (LINK) Flips Yearn.finance (YFI) To Becomes Most Traded Token By ETH Whales

Altcoins

coingape.com 09 March 2022 18:05, UTC
  
Reading time: ~2 m

Chainlink (LINK) has flipped Yearn.finance (YFI) coin to become the most traded token by the 1000 biggest Ethereum (ETH) whales in the last 24 hours, revealed WhaleState. LINK token has also made it to the list of most used contracts by the biggest of the ETH whales in the last 24 hours. It stands at the ninth spot. The coin’s price has seen a jump of over 8% in the past 24 hours.

LINK coin most traded crypto by ETH whales

The 100 largest Ethereum wallets are worth an average of $1.3 Billion and have an average of 170,677 ETH, 149 tokens, and 3 NFT.

The largest of the ETH whales holds over $168 million worth of LINK coins. It makes up around 1.93% of the total holdings among the rest of the coins held.

📰 JUST IN: $LINK @chainlink had flipped $YFI to be most traded token among the top 1000 #ETH whales#Chainlink #whalestats #babywhale pic.twitter.com/75FccGTZiw

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 9, 2022

However, Uniswap is the most widely held token by the ETH Whales and the FTT coin remains the biggest token held by dollar value. As per WhaleStates, the Biggest ETH wallets holds over $1.4 Billion of FTT coins. It makes up over 16% of the total holding. Chainlink has been one of the most frequently bought altcoins by the ETH wallets.

Chainlink (LINK) token drops new announcements

Chainlink was founded in 2017 and it is a blockchain abstraction layer that allows universally connected smart contracts. The LINK is still accelerating and this time it is going after the WEB 3.0 adoption.

Supporting the generation of Vigilante NFTs with @Honest_NFT on Ethereumhttps://t.co/B9x4GKi5UJ

— Chainlink (@chainlink) March 9, 2022

Aloha, a DeFi platform has successfully integrated Chainlink Verifiable Random Function (VRF) on Polygon mainnet. This will help Aloha to create a more transparent yet exciting user experience.

Secure on-chain randomness helps smart contract developers create transparent and fair #blockchain games.@AlohaDefi has integrated #Chainlink VRF on @0xPolygon to help fairly distribute in-game prizes in its Surf Invaders game.

Learn more👇 https://t.co/PcPMUTUAyt

— Chainlink (@chainlink) March 9, 2022

LINK jumps by 8%

The Chainlink coin has surged by over 8% in the last 24 hours. It is trading at an average price of $14.30, at the press time, with a 24-hour trading volume of $859,833,466. As per CoinMarketCap, the LINK token stands at 23rd spot with a total market capitalization of $6.5 Billion.

Chainlink link


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