Whales’ Top Altcoin Picks: Chainlink, Maker Protocol, GMX
Always pay attention to what whales are up to. Last week, Ethereum and Arbitrum whales made significant trades. In this article, I will show you the three altcoins that these whales are currently interested in.
1) Chainlink (LINK)
– Whales have shown massive interest in Chainlink’s native token, $LINK.
– Chainlink’s Github developer activity has increased recently.
– Whales and sharks with 100K-10M $LINK now hold the most coins since December 2022.
– The release of the Cross-Chain Interoperability Protocol (CCIP) led to a surge in LINK price.
– CCIP is designed to facilitate cross-chain applications and services.
– Chainlink’s innovative Oracle services make it a top player in the DeFi space.
2) Maker Protocol (MKR)
– MKR has seen heavy adoption, with significant deposits and swaps by top market players.
– The founder of MakerDAO acquired 1,613 MKR through a swap.
– Venture Capital firm a16z moved 1.5K MKR to Coinbase.
– Maker’s token buyback program has attracted increased interest in MKR.
– MKR is a governance token important to the Maker protocol.
– MKR currently trades at $1,219.29.
3) GMX
– Whales are showing increased interest in GMX, a project in the Arbitrum ecosystem.
– A whale recently spent 5,330 $DAI to buy $GMX.
– GMX uses decentralized perpetual exchange technology and has massive potential.
– GMX currently trades at $51.12.
Hot Take: These three altcoins, Chainlink, Maker Protocol, and GMX, have caught the attention of whales. With their unique offerings and potential for growth, they are worth considering for your crypto portfolio.
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