Whales’ Strategy for Decline Revealed: 90 Whales Purchase Altcoin from Binance!
After a dull and challenging week for Bitcoin (BTC) and altcoins, investors are left wondering if the decline has finally come to an end. Typically, investors tend to buy when prices are low and sell when they are high. Some major investors, who believed that the prices had reached their lowest point, have started making purchases.
In the world of altcoins, there is notable whale activity in Chainlink (LINK), which is considered an essential part of whale portfolios. According to a post from Lookonchain, 90 new whale wallets have acquired LINK tokens worth $86.7 million from Binance.
“Whales and institutions are still accumulating LINK! In recent times, a total of 90 new wallets have gathered approximately 6.72 million LINK tokens from Binance, which is equivalent to $86.7 million.”
In March, LINK reached a high of $22 but started declining along with Bitcoin, dropping to $11. Currently, LINK has seen a 1.2% decrease in the past 24 hours and is being traded at $12.56 at the time of writing.
Whales and institutions are still accumulating LINK! A total of 90 new wallets have withdrawn approximately 6.72 million LINK tokens ($86.7M) from #Binance recently!
*This article does not provide investment advice.
To invest in over 300 cryptocurrencies, you can sign up with Binance exchange using this link to receive a 20% commission discount!
Follow our Telegram and Twitter accounts now for exclusive news, analytics, and on-chain data!
