2024

Chainlink

<p>It looks like big investors, also known as whales, are buying a lot of $LINK. Over the past week, 54 new wallets took out 2.08 million $LINK tokens from Binance. The value of these Chainlink tokens is about $30.28 million.</p>
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   <p lang="en" dir="ltr">It seems that whales/institutions are accumulating <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>!<br><br>We noticed that 54 fresh wallets withdrew 2.08M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>($30.28M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 7 days.<a href="https://t.co/SkqA1r0F1N" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SkqA1r0F1N</a> <a href="https://t.co/VkPt0kwPb4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VkPt0kwPb4</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808040911764705395?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<h2 class="wp-block-heading" id="large-chainlink-link-purchases-hint-at-price-increase">Large Chainlink ($LINK) Purchases Hint at Price Increase</h2>
<p>This information came from Lookonchain which is an online platform that monitors transactions in cryptocurrencies. For instance, whenever whales or institutions start to purchase a large amount of a particular cryptocurrency, it is a clear indication they expect the price of that cryptocurrency to increase.</p>
<p>To observe so much <a href="https://blockchainreporter.net/price-prediction/chainlink/" data-type="post" data-id="27923" rel="noopener noreferrer nofollow">$LINK</a> being withdrawn from <a href="https://www.binance.com/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> can make one think that these investors intend to hold the tokens for some time. This is typically a plan that is employed in a bid to decrease the stock available on the market since this will act as leverage to increase the price.</p>
<h2 class="wp-block-heading" id="market-eyes-link-amid-whale-activity">Market Eyes $LINK Amid Whale Activity</h2>
<p>$LINK is the token associated with Chainlink, a network that delivers live data feed into smart contracts on the blockchain. It is because many people in the crypto world observe the activities of whales as they are capable of shifting the trend of the market.</p>
<p>For now, investors have no other option but wait and see what the future holds for <a href="https://coincodex.com/crypto/chainlink/" target="_blank" rel="noopener noreferrer nofollow">$LINK’s price</a>. Still, the fact that a majority of these large investors is investing undeniably remains an interesting point to watch.</p>

Chainlink Whales Withdraw $30M in $LINK from Binance

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