According to Whalestats data, two huge altcoin whales have made millions in purchases of Dogecoin (DOGE) and Chainlink (LINK) cryptocurrencies in the past hours. We take a quick look at the latest whale movements and their impact on prices.
Huge whale adds 6.3 million more Dogecoins to wallet
According to Whalestats, a major Dogecoin investor has added about 6.3 million more Doges to his wallet. Dogecoin price continues to trade sideways after falling to $0.122 during the December 4 market correction. Big investors or whales are known to make good use of periods of price drops or macro consolidation to load their favorite tokens. According to the Whalestats tweet below, Dogecoin was trading around $0.17, while the associated whale bought 6,369,751 Dogecoin (DOGE) worth 1,114,337.
🐋 A BNB whale just bought 6,369,751 $doge ($1,114,337 USD).
Ranked #322 on WhaleStats: https://t.co/EFMj9Q94dh
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 8, 2021
Altcoin whales gather around Chainlink (LINK)
On-chain data shows that big whales have made a huge contribution to Chainlink’s recent 36% rally from December 6 low of $17.24. Somanews At the time of writing, Dogecoin (DOGE) was trading at $0.1774, down 17.57 percent on the weekly timeframe, stable on the daily valuation. Chainlink (LINK) is trading at $21.48, down 13.44 percent in the last 7 days of performance.
As we reported, LINK rose to $23.21 on December 9 as multiple DeFi and GameFi platforms continue to integrate Chainlink VRF feeds. Now, according to WhaleStats data, an anonymous whale bought 405,985 LINK tokens worth $8,844,146 while Chainlink was trading around $21 on December 9.