Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. This came as crypto whales accumulated over $50 million worth of tokens within the past several days.

Separately, data from Glassnode charts indicates that approximately $75 million worth of LINK has flowed onto cryptocurrency trading platforms since February 1st, resulting in a surge in its exchange balance to approximately 120 million tokens.

Whale Moves Millions in LINK Tokens

A mysterious whale has recently been accumulating Chainlink (LINK), according to Lookonchain. The unidentified entity, potentially an institutional player, has withdrawn 2.7 million LINK tokens from the cryptocurrency exchange Binance using 49 new wallets.

Whales/institutions continue to accumulate $LINK!

This mysterious whale/institution withdrew 2,745,815 $LINK($49.9M) from #Binance via 49 new wallets.

Whale”0x2A19″ withdrew 494,957 $LINK($9M) from #Binance in the past 10 days.https://t.co/QoP2waErBShttps://t.co/iaPHa9f0XB pic.twitter.com/GUW1S33NHf

— Lookonchain (@lookonchain) February 7, 2024

One of the whale’s wallets has transferred over $9 million worth of LINK tokens from the exchange within the past ten days. The Lookonchain’s public database reveals that these