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