Chainlink (LINK) and Polygon (MATIC) are the most loaded up coins on the Ethereum blockchain by Whales as the crypto market plummets.
On Saturday, the cryptocurrency market was valued at $1.61 trillion, down 11.8 percent from the previous day, resulting in a loss of approximately $350 billion.
This comes just two months after the crypto market’s market value climbed to $2.94 trillion, following Bitcoin’s all-time high of $69,000.
According to the WhaleStats blockchain analytics tool, the top 1,000 Ethereum whales are once again betting on LINK and MATIC as the most-traded tokens.
Meanwhile, ETH whales continue to buy LINK and MATIC, which are still in the top 10 most acquired tokens.
Despite the fact that both MATIC and LINK are among the top ten cryptocurrencies purchased most frequently by top Ethereum whales, according to statistics given by WhaleStats, LINK has so far surpassed Polygon’s native token as the most traded asset.
WhaleStats has also published a number of tweets indicating that whales have been buying a lot of LINK and MATIC. In the last twenty-four hours, ETH whales ranked 140, 141, and 4 have purchased a total of 386,464 LINK worth approximately $6 million.
The fourth-largest whale spent the most money here, paying $3,909,99 for 199,999 LINK. This crypto was purchased for a total of $7,327,414 in fiat currency.
MATIC is currently trading at $1.49, down 19 percent in the last 24 hours. According to market pricing tracker CoinMarketCap, LINK is changing hands for $15.42, a 19 percent decline.