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

Solana Witnessed Increased Activity On Solana-based DEXs

Ripple’s CBDC Vision Poised to Flip Finance Upside Down!

Meme Moguls (MGLS) Chart Suggests It Could Surpass Dogecoin (DOGE) And Shiba Inu (SHIB) In 2024

Shiba Inu team assures imminent SHIB burns amid delays

Octaloop’s Metamorphosis 23: A Crypto Gala Unleashed in Bangalore

Investment Giant BlackRock, Ready to Buy Bitcoin for Spot ETF?

Join our free newsletter for daily crypto updates!