A crypto whale has seized the opportunity presented by a recent price drop in Chainlink (LINK), making a staggering investment that signals potential confidence in the cryptocurrency’s future. This strategic purchase comes at a moment when the market appears to be nearing a local bottom. 

Amidst this increased buying pressure, a renowned technical analyst has posited that LINK might be gearing up for a significant upward trajectory.

Crypto Whale Buys Chainlink (LINK)

Blockchain analytics firm Spot On Chain reported this significant transaction, spotlighting the crypto whale’s timing and choice of investment.

The purchase of 601,949 LINK, at an average price of $14.81, was valued at $$8.2 million. Since it occurred as LINK’s value dipped, it reflects a keen market insight and robust confidence in Chainlink’s potential. 

The strategic timing of this significant purchase aligns intriguingly with the insights of noted crypto analyst Michaël van de Poppe. In fact, he suggested that such investments could bolster LINK’s position above a critical support level. This could potent

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Author: Harsh Notariya

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