- Chainlink exhibits strong development on GitHub, while whales accumulate high $LINK volume, signaling confidence.
- Maker (MKR) faces major adoption lately; native token observes swaps by whales.
- GMX attracts whale interest with a 5330 $DAI investment, indicating growth potential.
According to crypto trading experts, an important aspect of a trader’s buying strategy should be observing whale activity in the market and taking action based on that. A new video on Altcoin Buzz’s YouTube channel explored the top three cryptos that the whales are focusing on in recent times. These include Chainlink’s LINK, Maker Protocol’s MKR, and GMX.
According to Santiment, a provider of on-chain data, Chainlink has exhibited notably elevated development activity on GitHub throughout the summer season. This achievement has positioned it among the top 5 most actively developed assets. Furthermore, substantial holders possessing 100K-10M $LINK tokens, commonly referred to as whales and sharks, currently possess the highest volume of coins since December 2022. These entities have amassed over $192 million worth of LINK in less than a month.