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.
🐳🐳 The top 1000 #AVAX whale wallets are now hodling
— WhaleStats – the top 1000 AVAX richlist (@WhaleStatsAVAX) January 31, 2022
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.