According to analytics records shared by WhaleStats blockchain platform, Polygon’s native MATIC token has taken the title of the most-traded coin for the biggest 1,000 Ethereum whales, pushing LINK from this honorable position.
$MATIC @0xPolygon had flipped $LINK to be most traded token by 1000 biggest ETH wallets 🔥🔥#MATIC now is
🚀 on top 10 purchased tokens
🚀 on top most used smart contractsamong the top 1000 ETH whales 🐳🐳
Whale leaderboard: https://t.co/28TDZ6J7t5 pic.twitter.com/SL2cgNieCy
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 11, 2022
MATIC becomes fourth bought coin
Over the previous 24 hours, MATIC has turn out to be the fourth top bought coin, with LINK following it. Ethereum holds first region here, and stablecoins USDC and USDT are in the honorable second and third places.
Recently, MATIC has proven to be one of the most famous altcoins, along with SHIB, LINK and FTX token, among whales.
Whales stock up on MATIC all together
Over the weekend, some of the greatest Ethereum holders have been purchasing notable quantities of FTX, MATIC and LINK, while the total cryptocurrency market was in decline.
On Saturday, Jan. 8, the top 1,000 ETH whales purchased an aggregate 7,275,966 MATIC tokens in three transactions – equal to $15,144,497 in total. An overall quantity of 222,801 LINK was also purchased, as well as 2,458,959 FTX (worth $85,522,611).
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
