Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain.
Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH.
“After the price of ETH dropped [on Friday], this smart whale bought 3,600 ETH ($8.9 million) back at a lower price…
This whale is very good at buying ETH at low prices and selling ETH at highs.
The profit is ~$25.8 million currently!”
At time of writing, ETH is trading at $2,470.
Lookonchain also spotted a whale scooping up decentralized oracle provider Chainlink (LINK) as it dipped to the $14.81 level.
After the price of LINK dropped [on Friday], a whale spent $8.9 million to buy 601,949 LINK at $14.81 with three new wallets.
The price of LINK appeared to have stabilized after the large whale…
