LINK Flips MANA as Most Traded Among the Top 5000 ETH Whales

A recent analysis by WhaleStats revealed that Chainlink (LINK) surpassed MANA as the most traded token. WhaleStats conducted the research by comparing the trading history of the top 5,000 ETH whales.

WhaleStats regularly tracks the whale activity of up to 5,000 ETH whales, which includes an average of $16,426,154 and holds over 10,082 ETH. MANA, the most traded token among the whales, was surpassed by LINK.

MANA now holds the position of the most widely held token, and FTT has the title of the biggest token position by dollar value. LINK now holds the tenth position in terms of trading volume and sold tokens. It also holds the eighth position as the most purchased token and the fourth position as the most used smart contract.

LINK has witnessed massive growth since the team announced the Chainlink 2.0 staking and the new roadmap. Four days after the team released the plan and Chainlink 2.0 staking, LINK broke its decline and hit $9.

According to current data, LINK investors are working hard to generate money by staking their LINK, as the team just announced. The number of daily active wallets has nearly doubled since the staking feature was introduced, from 1.41k on June 5 to 2.32k on June 8.

Although the entire crypto market has been in a slump, the LINK currency has been consistently gaining and beating others in the crypto market since its introduction. But the recent downtrend also brought LINK down to a price of $5.55, which is a 16% down in the last 24 hours.