Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Chainlink: Whales move to LINK as price falls. What’s next?
ALTCOIN NEWS

Chainlink: Whales move to LINK as price falls. What’s next?

By Crypto FlexsDecember 30, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Chainlink: Whales move to LINK as price falls.  What’s next?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 30, 2023


  • The whales have started collecting LINK over the past few weeks.
  • The price of LINK fell as on-chain indicators were observed to decline.

New data from Lookonchain has revealed significant accumulation activity by large addresses in the Chainlink (LINK) ecosystem.

The prominent whale has begun a significant accumulation phase, withdrawing 417,834 LINK from Binance over the past two days.

Specifically, this whale previously acquired 641,386 LINKs at an average price of $7.4 and later sold them at an average price of $15.1, generating approximately $4.9 million in profit.

Whale interest in LINK grows

The surge in large address accumulation indicates increased whale interest in LINK tokens. This activity raises questions about LINK’s price trajectory and its potential impact on market dynamics.

Smart money is starting to pile up. $LINK Withdraw again 417,834 $LINKFrom ($6.9 million) #Binance For the past 2 days.

He previously bought 641,386. $LINK($4.77M) sold for an average of $7.4 and then sold for an average of $15.1, making ~$4.9M! https://t.co/1E0GIqVeBY pic.twitter.com/Opuvbm2yaM

— Lookonchain (@lookonchain) December 29, 2023

The accumulation of whales can have both positive and negative impacts on LINK.

On the positive side, increased accumulation often indicates confidence among significant investors and can potentially increase the value of the token.

However, on the negative side, large-scale selling by these whales in the future could put selling pressure and affect the price of LINK.

Looking at the metrics

Looking at the price movement of LINK, it was trading at $16.15, down -5.28% over the last 24 hours. Despite this correction, the overall trend suggested a bullish trajectory characterized by higher highs and higher lows.

Chainlink is seeing a decline in network growth, indicating less interest in new addresses. Additionally, LINK’s velocity has decreased, indicating a slowdown in overall trading activity around the token.

LINK’s MVRV ratio has been on the rise in recent weeks, meaning holders remain profitable amid the correction. LINK’s price decline may be due to profitable holders selling their holdings to leverage their profits.


Read Chainlink’s (link) 2023-24 price prediction


Increased number of collaborations

Chainlink has expanded its ecosystem with 14 integrations across 9 different chains, including Arbitrum, Avax, BuildOnBase, BNBChain, Ethereum, Optimism, 0xPolygon, Polygon zkEVM, and zksync Era.

This collaboration marks Chainlink’s ongoing efforts to strengthen its presence and usefulness within diverse blockchain ecosystems.

⬡ Chainlink adoption updates ⬡

There were 14 consolidations out of 6. #Chainlink Services across 9 chains: @arbitrum, @avax, @BuildOnBase, @BNBChain, @Ethereum, @optimism, @0xpolygonpolygon zkEVM and @zksync age.

New integrations include: @APX_Finance, @ArchlyFinance,… pic.twitter.com/qzUhGqmslF

— Chainlink (@chainlink) December 17, 2023

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Status Unveils First Gasless L2 On Linea With 100% Community Yield Allocation Mechanism

July 9, 2025

Stable for digital recovery and inheritance

July 9, 2025

Ushering In A New Era For Bitcoin DeFi

July 9, 2025

MultiBank Group Announces Early Access Waitlist For Pioneering $MBG Token

July 9, 2025

NEXBRIDGE And NEXPLACE Raise $8M Series A To Launch Integrated Bitcoin Capital Markets Ecosystem

July 9, 2025

Bybit Unveils Bold New Brand Identity With #IMakeIt Campaign — Ushering In A New Era For 70M+ Global Users

July 9, 2025

Find Mining Cloud Mining Helps Steady Asset Appreciation

July 9, 2025

Understanding BTC HEATMAP like Pro

July 9, 2025

Causes, History, And How To Survive

July 8, 2025

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Status Unveils First Gasless L2 On Linea With 100% Community Yield Allocation Mechanism

July 9, 2025

Stable for digital recovery and inheritance

July 9, 2025

Ushering In A New Era For Bitcoin DeFi

July 9, 2025
Most Popular

Bitcoin (BTC) tests support again. Continuing upwards from here?

May 16, 2024

Solana Price Marches Towards $200, Why SOL Becomes Attractive on the Downside

May 21, 2024

The Future of Work: Exploring the Blockchain Revolution

January 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.