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Chainlink and MATIC are the most in-demand Ethereum tokens as the crypto market recovers


February 25, 2022 · By MATheGooner
Chainlink (LINK), Ethereum (ETH), Polygon (MATIC)

The most loaded up coins on the Ethereum blockchain by Whales are Chainlink (LINK) and Polygon (MATIC), as the crypto market recovers from a significant slump caused by Russian armies’ invasion of Ukraine.

As Russian soldiers invaded Ukraine over the past 48 hours, global financial markets and crypto markets have been hammered, sending investors fleeing and sparking sell-offs across various asset classes. 

Whales bought 3.5 million MATIC tokens worth $5.3 million and 99,990 LINK tokens for $1.4 million because these tokens have the highest demand on Ethereum.

Three of the top 1,000 whales have made three huge crypto transactions, according to the WhaleStats data aggregator, with the majority of their funds held in Ethereum, the second largest cryptocurrency. 

๐Ÿ‹ ETH whale "Kvothe" just bought 2,700,000 $matic ($3,483,000 USD).

Ranked #995 on WhaleStats: https://t.co/CfilpTbYIx

Transaction: https://t.co/ZIxhjIasVq#ethereum #whalestats

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 24, 2022

A whale ranked 35th purchased 99,990 LINK in the third transaction, totaling $1,364,863. 

๐Ÿณ An ETH whale just bought 99,990 $link ($1,364,863 USD).

Ranked #35 on WhaleStats: https://t.co/2do7yJzgy7

Transaction: https://t.co/e6z4wra2bD#LINK #ERC20 #DEFI #ETH #whalestats

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 23, 2022

MATIC and LINK have been on the list of the top 10 most utilized smart contracts on Ethereum for the past 24 hours, according to the WhaleStats website.

๐Ÿ† Top most used smart contracts by 1000 biggest #ETH whales over the last 24hrs

๐Ÿฅ‡ $ETH
๐Ÿฅˆ $USDT
๐Ÿฅ‰ $USDC
4โƒฃ $LINK
5โƒฃ $UNI
6โƒฃ $AAVE
7โƒฃ $BUSD
8โƒฃ $DYDX
9โƒฃ $MATIC
๐Ÿ”Ÿ $ELON

Whale leaderboard: https://t.co/28TDZ6JFiD pic.twitter.com/IcFtvOWNca

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 25, 2022

In December 2021, Santiment revealed that addresses with between 1 million and ten million LINK tokens contributed to their cumulative bags, accounting for 23.6 percent of the total token supply, a record high at the time. 

๐Ÿ”—๐Ÿณ #Chainlink jumped back above $22 today, and whale behavior is beginning to show some modest consistent accumulation growth once again. Addresses holding 100k to 10m $LINK have added about 3M $LINK, and own 23.6% of the popular asset's total supply. https://t.co/FJSqSiRUjE pic.twitter.com/hm9o2uqvkF

— Santiment (@santimentfeed) December 8, 2021

MATIC is presently trading at $1.51, up 12.06 percent in the last 24 hours, while LINK is currently trading at $13.94, up 13.3%.

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