Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Whale secures $84 million worth of LINK
BITCOIN NEWS

Whale secures $84 million worth of LINK

By Crypto FlexsFebruary 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Whale secures  million worth of LINK
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency markets are abuzz with excitement as the mysterious Chainlink (LINK) whale goes on an incredible shopping spree, accumulating a huge amount of LINK tokens. Recent data from Lookonchain shows that this mysterious whale wallet acquired over 4.5 million LINK tokens in just three days. Based on the current LINK price, this cumulative value amounts to a whopping $84 million.

Chainlink whales surge, holders bullish

This constant accumulation activity by Chainlink whales has captured the attention of analysts and investors, raising expectations of a possible surge in LINK price in the future. The market is filled with speculation as traders eagerly await the outcome of this significant accumulation.

Mysterious whales that continue to pile up $LINK!

And a total of 4,556,684 cases were accumulated. $LINK From ($83.6 million) #Binance 55 new wallets in the last 5 days https://t.co/cYgH52rHzxhttps://t.co/B32QIBNNu2 pic.twitter.com/cP7piTmNaT

— Lookonchain (@lookonchain) February 10, 2024

But whales aren’t the only ones showing interest in Chainlink. According to data from Santiment, the total number of Chainlink holders has increased significantly. Over the past few months, the number of LINK holders has increased by approximately 9,000, reaching a total of 717,000. This surge in holders fuels further optimism surrounding Chainlink’s future prospects.

Whale LINK accumulation. Source: Lookonchain

Adding to the intrigue, Chainlink holders are actively withdrawing their LINK holdings from exchanges. A closer look at the supply on exchanges reveals a recent trend of holders moving their LINK away from these platforms. Current supply on exchanges is only about 21.5% of total supply, indicating strong belief among holders that a potential future price rise is imminent.

Despite some fluctuations in recent days, Chainlink’s overall price trend remains solid. On the daily time frame, LINK price has been oscillating within the $18 price range for several days after surging into this range on February 1.

Chainlink currently trading at $20.5330 on the daily chart: TradingView.com

Chainlink Price: Bullish Momentum

The price is currently hovering around $20.40, up 12% and 16% over the last 24 hours and 7 days, with the Relative Strength Index (RSI) remaining above 60, indicating a resilient bullish trend.

These developments within the Chainlink ecosystem have created an atmosphere of enthusiastic anticipation among investors and enthusiasts. The accumulation of whales, the increase in LINK holders, and the withdrawal of LINK from exchanges all contribute to heightened excitement surrounding the possibility of a future price surge.

Source: Coinglass

Meanwhile, LINK’s positive funding ratio indicates a prevailing bullish sentiment, indicating higher demand for long positions among traders. The concurrent increase in LINK’s open interest further suggests that market participants are leveraging their positions to make long-term investments.

The confluence of these factors reflects collective confidence in LINK’s upside potential, with traders expressing their optimism through funding decisions and larger leveraged positions, potentially fueling continued bullish momentum in the market.

Featured image from Adobe Stock, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Expect what XRP ETF is approved by the SEC

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Standard Chartered expects Ether ETF approval this week and maintains year-end target of $8,000.

May 21, 2024

Dragon Age: The Veilguard Coming to GeForce NOW with Exciting Bundles

October 17, 2024

Instant Settlement Series: The Publishing Industry

January 20, 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.