Ethereum whales are actively trading Chainlink.
Chainlink is among the most traded cryptocurrencies among the top 1000 Ethereum addresses. Currently the token is 2% to this status. It responds with a small growth of 8.
UNI remains the most held token among major addresses, while LINK has the largest trading volume, meaning whales are selling or buying the asset. But according to the current price action, the purchasing power exceeds the selling pressure.
Whales currently hold $360 million worth of LINK, which is only 1.85% of all funds concentrated among the largest Ethereum blockchain wallets, excluding exchanges and projects.
Although Link took the first place as the most traded token in the last 24 hours, Shiba Inu remains in the 5th place among the 10 most purchased tokens, while Link remains in the 6th place.
Increased trading volume on LINK can be considered a positive sign for the market, as higher trading volume for an uptrend asset can serve as fuel for continuation. Trading volumes tend to decrease at the top of the current trend. When it comes to links, current trading volume tends to decrease but still remains above average.
At the time of writing, Chainlink is up 9% in the last four days. It was trading at $26.22, up 7 prices. Previously, Chainlink had lost 30% of its value from the ATH point on the chart.
