HomeAltcoinCrypto Whales splurges over $312,000,000 on Ethereum-based altcoin in massive hoarding frenzy:...

Crypto Whales splurges over $312,000,000 on Ethereum-based altcoin in massive hoarding frenzy: Santiment


A leading crypto analytics firm claims that the oracle of the Chainlink (LINK) blockchain is the subject of great interest from wealthy owners of the digital asset.

Santimento He says that holders of between 10,000 and 1,000,000 of the Ethereum (ETH)-based altcoin have bought more than 47 million more LINKs over the course of the 2022 bear market.

According to Santiment, the recently accumulated amount of the 24th largest crypto asset by market capitalization is about 4.73% of Chainlink’s existing supply.

“Chainlink shark and whale addresses (holding 10,000 to 1 million LINKs) have been busy piling up during the 2022 bear market. As of March 3, these addresses have added 47.31 million LINKs to their wallets , on the whole. This translates into 312.7 million dollars more invested”.

Source: santimentfeed/Twitter

Chainlink is trading at $6.54 at the time of writing.

Moving to Litecoin (LTC), Santiment He says that whale transactions and address activity for the 22nd largest crypto asset by market cap soared this week to an 11-month high.

According to Santiment, Litecoin may have bottomed out against crypto king Bitcoin (BTC).

“Litecoin has been quietly under the radar in 2022, but address activity and whale transactions have spiked this week. Particularly with transactions valued at over $1 million on the network, the timing of these spikes occurred just as LTC started to rise against Bitcoin.”

Source: santimentfeed/Twitter

Litecoin is trading at $51.52 at time of writing, up more than 26% from its 2022 low of $40.30.

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Featured Image: Shutterstock/IvaFoto


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