- Whales began to collect LINK over the last few weeks.
- The price of LINK fell as on-chain metrics observed a decline.
New data from lookonchain has unveiled significant accumulation activities by large addresses in the Chainlink [LINK] ecosystem.
A prominent whale initiated a substantial accumulation phase, withdrawing 417,834 LINK from Binance in the last two days.
Notably, this whale had previously acquired 641,386 LINK at an average price of $7.4, later selling it at an average price of $15.1, resulting in a profit of approximately $4.9 million
Whale Interest in LINK on the rise
The surge in accumulation by large addresses indicates a heightened interest among whales in the LINK token. This activity raises questions about the potential impact on LINK’s price trajectory and market dynamics.
The smart money started accumulating $LINK again and withdrew 417,834 $LINK($6.9M) from #Binance in the past 2 days.
He previously bought 641,386 $LINK($4.77M) at an average price of $7.4, and then sold it at an average price of $15.1, making ~$4.9M!https://t.co/1E0GIqVeBY pic.twitter.com/Opuvbm2yaM
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