Whales Accumulate Chainlink, Eyeing Major Rally and Reversal
TL;DR Summary
Chainlink (LINK) has seen significant whale activity recently, with 93 new wallets withdrawing approximately $167 million worth of LINK tokens from Binance since June 24th. Despite this, the number of active addresses has remained steady, indicating that the increased whale activity has not translated into broader market participation. This suggests strategic adjustments by existing participants rather than an expansion in the user base. LINK is currently trading at around $13.7, showing a slight increase.
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