Chainlink Whales Accumulate $120 Million in LINK in Fortnight

IconCryptoNewsTerminal Staff14 Jul, 2024

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Chainlink Whales Accumulate $120 Million in LINK in Fortnight

Chainlink (LINK) has attracted the attention of whales, with addresses holding between 10k and 1m LINK accumulating an astonishing $120 million over the past two weeks, according to data from Santiment. The accumulation spree has been noted by crypto analyst and trader Ali Martinez, who highlights the significance of this activity. Whales are known to have the potential to influence market trends, and their accumulation of LINK indicates a bullish sentiment towards the cryptocurrency. LINK is a decentralized oracle network that provides smart contracts with secure and reliable data, making it a crucial component of the DeFi ecosystem. The recent rally in LINK's price, coupled with the accumulation by whales, suggests that the cryptocurrency is poised for further growth. Investors and traders keen on monitoring market trends should pay close attention to the whales' activity to make informed decisions.

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