Thursday, September 29, 2022
HomeCrypto NewsMarketChainlink (LINK) Price Soars More Than 10% Today. Here’s Why?

Chainlink (LINK) Price Soars More Than 10% Today. Here’s Why?

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Chainlink’s (LINK) price soars more than 10% for the day and is trading at $17.99 per coin, as LINK becomes the 9th top holding among 1000 Avalanche (AVAX) whales.


 

The top 1000 AVAX wallets are now holding a total of $5,461,306 worth of LINK coins in their wallets. This leads the LINK to become the 3rd biggest holding as 2.71% of the total AVAX whales’ portfolio comprises Chainlink.

Further digging deep into the data, we come to know that each AVAX whale is now holding $5,701 worth of LINK on average. This means 314 LINK coins are being accumulated on average by each whale in total.

In addition, AVAX whales also seem interested in using LINK smart contracts, as LINK is now the 2nd most used smart contract following Avalanche (AVAX).

Looking into the other holdings of the top 1000 Avalanche wallets, excluding AVAX, we find that their biggest holding is still in the form of USD Coin (USDC), a stable cryptocurrency, which makes 29.9% of value in total. This data from WhaleStats suggests that whales are looking to buy more of the LINK at more attractive prices in the coming hours, days, or weeks.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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