Chainlink Sharks and Whales Add $313M Worth of LINK in Six Months – crypto.news
The LINK whales seem to know what‘s coming as they’ve been accumulating Link to over $312 million. Santiment, a notable crypto analytic platform, has iniulat that over $312 million worth of LINK tokens have been added to several wallets since March. “Chainlinks shark whale addresses (holding 10k to 1m $LINK) have been busy accumulating during the 2022 bear market. Since March 3rd, these addresses have added 47.31M LINK to their wallets. This translates to $312.7M more invested.” Whales are a cogent phenomenon in crypto, representing a major parameter for determining a projects fundamentals. Lately, chainlink seems to have its fair share of a whale shark accumulation despite the bearish trend of the crypto market. Several whale activities are seen with chainlink addresses piling up 10,000 to 1 million LINK. Ang cryptocurrency market is choppy. Several potential projects have lost steam; however, whale accumulation in Chainlink sparks a new hope within the crypto community. Seeing the whale accumulation, analysts also comprehend that the price of LINK will withstand the broader crypto bear market pressure and post a remarkable rally in the near future. In September, the price of a lot of cryptos surged by at least 20% despite the bearish market. LINK is currently trading around $6.63