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

Другие статьи, опубликованные 9 июл. 2024 г.

Crypto Sector on Edge as House Gears Up for Landmark Vote on SAB 121 Bill

Investors Track Altcoin Fluctuations

MoonBag Steals The Show As Best Crypto Presale in 2024, Leaving Kaspa and Cardano in Hysterics

Three Important Events for Crypto Market to Watch This Week, Chainlink Whales Purchase $76 Millio...

Phoenix Memecoin ($PHNX) Launches with Innovative Tokenomics and Community Focus

France: Crypto Tax Could Triple After Left’s Victory!

Join our free newsletter for daily crypto updates!