Million

Chainlink

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
It appears that whales have turned bullish on Chainlink (LINK). They have been buying the dips after the recent crypto market crash. Per renowned crypto analyst Ali Martinez, crypto whales have&nbsp;<a href="https://x.com/ali_charts/status/1810214886099521729">bought</a> over 6.2 million LINK coins over the last week.
This latest LINK acquisition is estimated to be worth around $76.88 million, per the current price level. It is a notable development for the coin as it comes amid the recent crash on the&nbsp;<a href="https://u.today/this-week-is-crucial-for-crypto-market-heres-why">broader market</a>. Notably, the LINK price has crashed 17.17% in the last 30 days.
However, whales took advantage of this market slump. They have been aggressively buying LINK tokens at lower price levels. This surge in whale activity for Chainlink shows that these traders are anticipating a price rebound from the coin in the near future.
<h2 dir="ltr" id="link-price-eyes-rebound">LINK price eyes rebound</h2>
Amid this rising whale activity, the LINK price has also shown some strength today. After the crypto crash last week, the Chainlink price is up 3.99% today. It is currently trading at $13.38, per the latest data from&nbsp;<a href="https://coinmarketcap.com/currencies/chainlink/">CoinMarketCap</a>. This price surge shows that LINK is eyeing a major rebound after getting support from whales.
In addition to price, the trading volume of LINK has surged 43.8% to $359.37 million. This is another positive sign for the coin, as it shows that it may achieve further price gains from this point. The rising trading volume is showing investors’ growing interest in Chainlink.
It backs the data shared by Ali Martinez, as LINK traders appear to be going bullish on the coin. While Chainlink may not start a major rally right away, the rising whale activity and today’s price increase are two positive developments for the coin. The&nbsp;<a href="https://u.today/dogecoin-founder-issues-crucial-statement-on-bleeding-cryptocurrency-market">market sentiment</a> appears to be shifting, and LINK may show more strength in the future.

Chainlink Whales Acquire $76 Million in LINK - What's Happening?

Mục lục

U_Today

Các bài viết khác được xuất bản trên 8 thg 7, 2024

Qubetics Whitelist Emerges as the Ticket to Prosperity Outperforming Chainlink and Internet Computer

RCO Finance Robo Advisor Save Traders’ Portfolios as Bitcoin (BTC) Loses the $60,000 Support

Polkadot: Here’s why DOT’s price is all set to revisit $7

Is This Ethereum ICO Project To Blame For ETH’s Price Slump?

Mexican Crypto Adoption Soars – Number 3 in Latin America for Cryptocurrency Ownership

Philippine Peso Stablecoin PHPC Launches on Ronin Sidechain

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!