According to chain analysis data, a notable accumulation trend has recently been observed in the ChainLink (LINK) token. Specifically, a newly opened wallet moved approximately 203,060 LINK tokens, worth around $2.52 million, creating a significant signal in the market.
Whale activity accelerates
Data following this movement indicate a broader trend. Industry observers note that whales, known as major players, are increasingly accumulating LINK. For example, a whale wallet labeled “0x2a42” transferred 234,979 LINK for $2.9 million, while another whale with the address “0xEC7B” moved 469,437 LINK tokens worth $5.77 million.
Market signals
Such intense transfer activities are generally seen as strategic moves by large investors. While the current price of LINK is at $13.28, these whale movements are closely monitored by market participants. On-chain data suggest that a broader accumulation phase may be beginning.
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Large Movement on LINK: Whale Wallets Are Gathering
According to chain analysis data, a notable accumulation trend has recently been observed in the ChainLink (LINK) token. Specifically, a newly opened wallet moved approximately 203,060 LINK tokens, worth around $2.52 million, creating a significant signal in the market.
Whale activity accelerates
Data following this movement indicate a broader trend. Industry observers note that whales, known as major players, are increasingly accumulating LINK. For example, a whale wallet labeled “0x2a42” transferred 234,979 LINK for $2.9 million, while another whale with the address “0xEC7B” moved 469,437 LINK tokens worth $5.77 million.
Market signals
Such intense transfer activities are generally seen as strategic moves by large investors. While the current price of LINK is at $13.28, these whale movements are closely monitored by market participants. On-chain data suggest that a broader accumulation phase may be beginning.