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Chainlink (LINK) Flips Yearn.finance (YFI) To Becomes Most Traded Token By ETH Whales

Chainlink (LINK) has flipped Yearn.finance (YFI) coin to become the most traded token by the 1000 biggest Ethereum (ETH) whales in the last 24 hours, revealed WhaleState. LINK token has also made it to the list of most used contracts by the biggest of the ETH whales in the last 24 hours. It stands at the ninth spot. The coin’s price has seen a jump of over 8% in the past 24 hours.

LINK coin most traded crypto by ETH whales

The 100 largest Ethereum wallets are worth an average of $1.3 Billion and have an average of 170,677 ETH, 149 tokens, and 3 NFT.

The largest of the ETH whales holds over $168 million worth of LINK coins. It makes up around 1.93% of the total holdings among the rest of the coins held.

However, Uniswap is the most widely held token by the ETH Whales and the FTT coin remains the biggest token held by dollar value. As per WhaleStates, the Biggest ETH wallets holds over $1.4 Billion of FTT coins. It makes up over 16% of the total holding. Chainlink has been one of the most frequently bought altcoins by the ETH wallets.

Chainlink (LINK) token drops new announcements

Chainlink was founded in 2017 and it is a blockchain abstraction layer that allows universally connected smart contracts. The LINK is still accelerating and this time it is going after the WEB 3.0 adoption.

Aloha, a DeFi platform has successfully integrated Chainlink Verifiable Random Function (VRF) on Polygon mainnet. This will help Aloha to create a more transparent yet exciting user experience.

LINK jumps by 8%

The Chainlink coin has surged by over 8% in the last 24 hours. It is trading at an average price of $14.30, at the press time, with a 24-hour trading volume of $859,833,466. As per CoinMarketCap, the LINK token stands at 23rd spot with a total market capitalization of $6.5 Billion.

Chainlink link
Source: CoinMarketCap

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