Top Ethereum (ETH) whales are accumulating Chainlink (LINK) aggressively in the last 24 hours as the price of LINK dropped significantly, i.e., more than 6% on Friday.
Recently, WhaleStats reported on three large transactions made by the 32nd biggest whale on the Ethereum network. This whale had purchased a significant amount of LINK.
The report notes that this Ethereum whale had bought more than 299,970 LINK, worth $5,195,478 (5.19M) USD through three separate transactions. Each transaction equals to 99,990 LINK, worth $1,731,826 (1.73M) USD.
Looking deep into the whales’ wallet, we found that Chainlink is her 38th biggest position by dollar value.
Before this purchase, the whale held a total of 135,933 LINK worth $2,419,550 ($2.41M). Soon after the recent accumulation, LINK holding appears to surge for the whale wallet and comes out to be 435,903 LINK worth 7,846,254 (7.84M) USD.
It is not the only ETH whale that has purchased large amounts of the Chainlink.
Another mysterious whale, currently ranked as the 337th biggest ETH whale on WhaleStats, was reported to accumulate 855,137 LINK for $14,468,918 (14.46M) USD through carrying one massive transaction.
For the past 24 hours, ETH whales have accumulated a total of 1,155,107 (1.15M) LINK for $19,664,396 ($19.66M).
Following this massive accumulation from ETH whales, LINK became the most traded token among the top 5000 ETH whales by flipping Quant (QNT) during the last 24 hours, as per data provided by WhaleStats.
At the time of writing, the Chainlink price is trading at $16.81, down over 6% for the day, with a 24-hour trading volume of $880,720,622.73 ($880.72M) USD, showing an increase of over 13% compared to the previous day.