Chainlink (LINK) Breaks Five-Month Price Barrier as Whales Pile In
The post Chainlink (LINK) Breaks Five-Month Price Barrier as Whales Pile In appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Chainlink (LINK) has hit a new milestone in its price metrics. As spotlighted by Santiment, LINK flipped $29 for the first time in over three years. This notable development has triggered excitement within the Chainlink community as the hope of further gains rises. Whale action spurs Chainlink growth Per the Santiment update, LINK whales appear to have triggered this price increase. Data shows that LINK whales have acquired a corresponding amount of tokens dumped on the market by retail investors. 🔗📈 Chainlink has surpassed $29 for the first time in 37 months, generating excitement from the community. This latest decoupling of LINK’s price has been supported by rising levels of whale & shark accumulation. 🐳🦈 Wallets with 100K+ LINK have added 5.69M LINK to their… pic.twitter.com/4c1uEZuEJj — Santiment (@santimentfeed) December 12, 2024 Related In the last two months, Chainlink whales, with over 100,000 LINK tokens, have bought 5.69 million worth of the coin. Similarly, fewer than a hundred thousand LINK holders have dumped theirs onto the market. Data shows these retail traders sold 5.67 million LINK from their collective wallets. This move by retail investors might reflect impatience, panic-selling or profit-taking before the price drops again. As of this writing, LINK has dropped from the $29 level and is changing hands for $27.92. The market volume has soared…
Filed under: News - @ December 12, 2024 7:21 pm