54 Opportunistic Whales Acquire Substantial Amounts of This Altcoin!
In the midst of a relatively stagnant period for Bitcoin (BTC), altcoins are experiencing limited activity. However, whales are capitalizing on this uneventful market by making strategic purchases.
Chainlink (LINK), one of the essential altcoins in whale portfolios, is currently attracting significant attention from these market influencers. Recent data from Lookonchain reveals that 54 new whale wallets have acquired LINK tokens worth $30.28 million from Binance.
The accumulation of LINK by whales and institutions is evident in their actions. Over the past seven days, these 54 wallets withdrew a total of 2.08 million LINK tokens from Binance. This withdrawal, amounting to $30.28 million, indicates a clear interest in accumulating this altcoin.
After reaching a peak of $22 in March, LINK experienced a decline due to the downward trend in Bitcoin. As of the time of writing, it is being traded at $14.6, showing a 2% increase in the past 24 hours.
The news of these whale purchases further solidifies the belief that LINK is an asset worth considering. However, it is important to note that this information should not be taken as investment advice.
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