The most-traded token among whales is Chainlink, whales hold $360 million worth of token

The most-traded token among whales is Chainlink, whales hold $360 million worth of the token. Chainlink has crossed UNI token in trading volume among 1000 largest Ethereum addresses and token’s price went up by 2.8%.

The Crypto market has been growing at a very fast pace in the last two years. Altcoins are leading the market by being the top gainer in these two years. The market cap of the crypto market has increased by $2 trillion. Currently, there is a whale activity on Chainlink. UNI is still the most-held token among the large addresses but Link has the greatest trading volume. The current price action indicates that buying power exceeds selling power.

The most-traded token among whales is Chainlink:

Chainlink is the most-traded token as whales currently hold $360 million worth of the token. Chainlink has to cover a lot because it is losing to SHIB which holds 5th place among the top 10 most purchased tokens, while Link remains in 6th place. This increasing trading volume of the token can be seen as a positive sign that the bullish trend of the asset will continue. As predicted, the volume tends to decrease but the volume of the asset is still above average.

The most-traded token
Price chart of ChainLink by Tradingview

At press time, Chainlink is trading at $26.40, with a 9.7% price increase in the last four days. Previously, Chainlink lost 30% of its value from the ATH point on the chart. After the global cryptocurrency market correction, Link became even cheaper after dropping by an additional 8%. In my opinion, the most-traded token will continue its bullish price run.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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