Chainlink

<ul><li>Chainlink whales accumulate 6.2M LINK ($76.88M) amid 9.71% price drop, signaling strong buy-the-dip sentiment.</li><li>LINK&#39;s 30-day MVRV at 11.1% suggests undervaluation, potentially driving future price gains.</li><li>Derivatives market shows bullish dominance with $443.74M in trades and notable short liquidations.</li></ul>In the past week,<a href="https://cryptotale.org/chainlink-faces-make-or-break-moment-at-13-analyst-insights/" rel="noopener noreferrer nofollow"> Chainlink </a>(LINK) has seen a notable uptick in whale activity, with large investors acquiring a substantial 6.2 million LINK tokens, equivalent to approximately $76.88 million. This surge in accumulation comes amidst a period of price correction for the cryptocurrency, which has seen its value decrease by 9.71% over the same period.Data highlighted by prominent crypto analyst Ali Martinez underscores the strategic buying spree by whales, who seem to have seized on the recent dip in LINK&#39;s price, now hovering around $11.17 according to CoinMarketCap. This downturn appears to have triggered a buy-the-dip sentiment among major players in the crypto market, reinforcing optimism about LINK&#39;s future trajectory.<a href="https://cryptotale.org/whales-snap-up-6-2m-link-amidst-price-dip-whats-next-for-chainlink/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Whales Snap Up 6.2M LINK Amidst Price Dip - What's Next for Chainlink?

CryptoTale

Other articles published on Jul 9, 2024

Agrotoken and Tanssi Collaborate to Transform South American Agro-Finance on Polkadot

Investors Bounce Off the Walls After MoonBag Listing on LBank

New Presale Outpaces Avalanche and Monero: Meme Coin Mania Finds a New Leader

Ethereum's future hinges on interoperable layer-2s

Polygon price loses final support despite strong on-chain metrics

Doja Cat’s Twitter Account Hacked to Promote Solana-Based Meme Coin

Join our free newsletter for daily crypto updates!