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.
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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.
