In last 24 hours, Shiba Inu, Chainlink among top 10 most purchased tokens
According to data from WhaleStats, Shiba Inu and Chainlink are among the 20 most purchased tokens in the last 24 hours. After the December 4 sell-off, market volatility continued on Monday with the majority of tokens losing value at the time of release.
Bitcoin (BTC) and most altcoins had a major price dip on Dec. 4, with massive liquidations seen in derivatives markets. Likewise, market sentiment is presently at ”extreme fear” as indicated by the crypto fear and greed index.
Despite this, contrarian investors used this time to accumulate their favorite tokens, with SHIB and LINK being among the top 10 tokens bought in 24 hours, as reported by WhaleStats. WhaleStats tracks the 1000 largest Ethereum wallets, known as “whales.”
Shiba Inu also places second among the top 10 holdings, falling behind Ethereum, which came up on top. This might suggest Shiba Inu hodlers have not given up much ground despite market volatility.
Although Shiba Inu and Chainlink remain down 8.27% and 9.58% from their current prices of $ 0.00003395 and $ 17.89 respectively, long-term investor optimism appears to be intact, however.
