Chainlink‘s (LINK) price has reached its highest level in the past 3 months, surging over 20%. The increased trading volume and whale transactions indicate a high level of interest and active accumulation in the LINK market. The post Chainlink Attracts Whales with its Over 20% Ra...
Trading Volume Soars Alongside Chainlink’s Price
Whales Quietly Accumulating LINK
Chainlink’s price has been consolidating between $6 and $8 for a significant period, indicating this range as an accumulation zone for investors. However, the recent increase in trading volume and whale transactions indicates a growing interest in the altcoin among investors and market participants.
Data suggests that crypto whales, who are large-scale investors, play a significant role in the LINK market, and wealthy LINK holders are increasing their wallet balances. This indicates that major crypto investors have been quietly accumulating LINK for a long time. Despite the lack of significant price movement, the increasing trading volume and the high accumulation by large investors suggest the possibility of a much larger explosion in the future.
Furthermore, there is a high level of activity within Chainlink’s ecosystem, making it a favorite among market investors. Chainlink, a leading oracle service provider for blockchain systems, contributes to the positive momentum in price through its Chainlink BUILD program, which focuses on strategic growth.