Chainlink

<ul>
 <li>Large Chainlink (LINK) holders have rapidly accumulated tokens over the past 5 weeks.</li>
 <li>Chainlink has gained 30% over the last 5 weeks, reaching around $7.51.</li>
 <li>Wallets holding between 100,000 to 1 million LINK added over $38.5 million worth of tokens in the last week.</li>
</ul>
<p>According to analytics provider Santiment, large Chainlink (LINK) holders have been rapidly accumulating tokens over the past 5 weeks amidst a price recovery.</p>
<p>Chainlink has gained 30% over the last 5 weeks, now trading at around $7.51. During this period, Santiment data shows wallets holding between 100,000 to 1 million <a href="https://thenewscrypto.com/?s=LINK" target="_blank" rel="noopener noreferrer nofollow">LINK</a> have added over $38.5 million worth of tokens in just the last week.</p>
<p>This aggressive accumulation by larger holders contrasts with smaller traders taking profits. Whale moves are seen as more indicative of long-term conviction in an asset.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> sits at $7.51, now +30% in the past 5 weeks. In this time, wallets with 100K-1M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> have accumulated aggressively, with $38.5M in coins added in the past week alone. Their moves are more relevant than small retail traders taking profits. <a href="https://t.co/Y6NA3GaCeG" rel="noopener noreferrer nofollow">https://t.co/Y6NA3GaCeG</a> <a href="https://t.co/0oRGlk5Lnt" rel="noopener noreferrer nofollow">pic.twitter.com/0oRGlk5Lnt</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1714019662223327510?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 16, 2023</a>
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<h2 class="wp-block-heading" id="h-chainlink-aims-to-provide-tamper-proof-inputs">Chainlink aims to provide tamper-proof inputs</h2>
<p>Chainlink aims to provide tamper-proof inputs and outputs for complex smart contracts through a decentralized oracle network. LINK tokens help secure the network and pay for different services.</p>
<p>Continued accumulation by whales even after a sizable price rebound often signals confidence in further upside ahead. These holders are positioning for long-term rather than short-term gains.</p>
<p>However, Santiment cautions that extreme whale accumulation sometimes precedes price corrections if it becomes overheated. Moderation is ideal for sustained uptrends.</p>
<p>For now, the ongoing whale activity provides promising evidence of strengthened commitment to Chainlink amidst the recent recovery. But sustainability depends on consistent fundamental development and adoption alongside technical strength.</p>

Chainlink Whales Continue Aggressive Accumulation as LINK Surges 30%

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