Chainlink Whale Activity Rises While Price Bleeds for 7 Straight Months
BeInCrypto
Chainlink is experiencing increased whale accumulation and exchange withdrawals despite enduring seven consecutive months of price declines.Summary
Chainlink (LINK) is seeing a notable rise in whale activity, characterized by increased exchange outflows and a growing number of wallets holding at least 1,000 tokens. While analysts suggest this accumulation may signal anticipation of a future market reversal, the asset continues to struggle, marking seven consecutive months of price declines. Institutional demand via spot ETFs remains positive but has slowed significantly, leaving the token in a state of uncertainty as it trades near $8.50.
(Source：BeInCrypto)