Chainlink Appetite: Whale Scoops Up $84 Million Worth Of LINK, And Counting – Details
Summary
A Chainlink (LINK) whale has acquired over 4.5 million LINK tokens in three days, valued at $84 million. This accumulation has sparked anticipation for a potential surge in the LINK price. The total number of LINK holders has grown by approximately 9,000 to reach 717,000, and holders are withdrawing their LINK from exchanges, with only 21.5% of the total supply remaining on exchanges. The LINK price has seen a 12% increase in the last 24 hours, sitting at around $20.40, with a bullish trend indicated by the Relative Strength Index (RSI) remaining above 60. Positive funding rates and increased Open Interest suggest a prevailing bullish sentiment and confidence in LINK's upward potential.
