A new trend has been identified by Lookonchain, a renowned cryptocurrency analysis company. Three new crypto whales, a term used to describe investors who hold large amounts of cryptocurrencies, have begun a significant market move, accumulating considerable amounts of two distinct altcoins: Chainlink (LINK) and Polygon (MATIC).
Lookonchain revealed that these whales are actively operating through Binance, one of the world's leading cryptocurrency exchanges. According to the data collected, the first whale, identified by the address 0x8eAD, made a large acquisition of Chainlink, accumulating 247.860 LINK, which is equivalent to approximately 3,5 million dollars. This financial movement was carried out in the last two days, showing clear confidence in LINK's appreciation potential.
We noticed that fresh wallets are accumulating $ LINK and $ MATIC.
Fresh wallet "0x8eAD" withdrew 247,860 $ LINK($3.5M) from #Binance in the past 2 days.
Fresh wallet "0xa813" and "0x38b3" withdraw a total of 5M $ MATIC($3.13M) from #Binance 6 hours ago pic.twitter.com/dKU4Ehqll9
— Lookonchain (@lookonchain) December 20, 2023
At the same time, the other two whales, with addresses 0x38b3 and 0xa813, chose to invest in Polygon, a cryptocurrency known for its efficiency and scalability. Together, these whales acquired 5 million MATIC from Binance, totaling an investment of around 3,13 million dollars. This operation was completed in a short period of time, just 6 hours, highlighting the agility and dynamics of the cryptoactive markets.
These movements reinforce the perception that altcoins, such as Chainlink and Polygon, continue to attract the attention of large investors. Although the cryptocurrency market Although known for its volatility, such whale actions could signal growing optimism regarding the future of these specific digital currencies.