Chainlink

<ul>
 <li>Chainlink's noncirculating supply deposits to Binance correlate with LINK price surges, indicating a strategic market influence.</li>
 <li>Notable LINK transactions coincide with price fluctuations, emphasising the impact of large transfers on LINK's value.</li>
 <li>The latest 8.2 million LINK deposit marks a significant event in LINK's market presence, contributing to its upward trend.</li>
</ul>
<a href="https://cryptotale.org/chainlinks-price-pattern-signals-potential-continuation-suggests-analyst/" rel="noopener noreferrer nofollow">Chainlink's</a> noncirculating supply wallets have stirred the market in a remarkable pattern. Every three months since August 2022, these wallets have deposited significant LINK amounts to Binance. Lookonchain, a notable analytics platform, highlighted this intriguing trend via a tweet on the X platform. Consequently, the LINK price often rises after these deposits.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/18ed4ab5576d4f5d928b907177665bbc.png">
Significantly, a recent deposit of 8.2 million LINK, valued at approximately $119 million, occurred recently. This pattern precedes a price surge consistently. Moreover, the data suggests a strategic timing for these deposits, often aligning with price bottoms. Hence, these movements signal key <a href="https://cryptotale.org/?s=market" rel="noopener noreferrer nofollow">market</a> shifts.
Read full article<a href="https://cryptotale.org/chainlinks-noncirculating-supply-deposits-to-binance-trigger-link-price-surges/" rel="noopener noreferrer nofollow"> at CryptoTale.</a>

Chainlink's Noncirculating Supply Deposits to Binance Trigger LINK Price Surges

CryptoTale

Other articles published on Dec 16, 2023

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