Chainlink (LINK) Overtakes Shiba Inu As Most Widely Held Token By ETH Whales 

Chainlink (LINK) has in the last 24 hours become the most traded and widely held token by the top 100 Ethereum (ETH) whales. Moreover, LINK has surpassed Shiba Inu (SHIB) as the most purchased and sold token by top whales.
Chainlink (LINK) Overtakes Shiba Inu As Most Widely Held Token By ETH Whales 
Chainlink

As a result of acquiring interest from the largest Ethereum whales, the Chainlink price has surged significantly in the last 24 hours.

Chainlink (LINK) draws interest from top ETH Whales

Chainlink (LINK) has been in high demand among the top 100 Ethereum whales, according to data from WhaleStats. On average, the whales bought 7710 LINK tokens for $105,877 in the last 24 hours. The LINK token has surpassed Shiba Inu (SHIB) to become the most widely held by Ethereum whales. Shiba Inu attracted a lot of attention after it was recently listed on the Robinhood app, which resulted in a 10% price spike in just a few hours.

Furthermore, on Thursday at 9:19 PM UTC, the 10th largest Ethereum whale, Three Arrows Capital had purchased nearly 135,989 Chainlink tokens for about $1,855,555. Similarly, other whales such as ETH whale “Radagast” purchased 269,816 LINK for $3,736,964 and ETH whale “Great Goblin” purchased 199,015 LINK for $2,756,357 in the last 24 hours.

The Chainlink (LINK) has been in demand from the Ethereum whales these days as the number of partners continues to expand and its integrations on BNBChain and Polygon benefit many projects.

LINK sees bargain buying

The bulk of buying in the token seems to be prompted by its recent losses. The token recently hit a one-month low, making it an appealing investment for whales.

Chainlink (LINK) fell to its lowest monthly price of $13.45 on April 14, drawing interest from Ethereum whales. The token price has surged nearly 5% from that low and was last trading around $14.

The Chainlink (LINK) price is still down 1.75% in the last 24 hours and nearly 11% in the last seven days, according to CoinMarketCap. Since the beginning of April, the Chainlink token price has been declining. However, trade volume has significantly increased from these lows, indicating a rally in the coming days.