Chainlink whales capitalized on last week’s crypto downturn, acquiring over 6.2 million LINK, valued at $76.8 million. Crypto analyst Ali Martinez revealed the data on Monday, noting this significant purchase.
Top whales now hold 502 million LINK, representing 50.29% of the total supply. Over the past month, holdings for whales with 10k – 100k LINK increased by 1.94%, and those with 100k – 1 million LINK saw a 4.57% rise.
Chainlink’s price dipped to $11.15 on July 5 but rebounded to over $13.20, experiencing a 6% surge in 24 hours. Recent strategic partnerships with Fidelity International, Sygnum, and Telefonica highlight Chainlink’s expanding influence.
This whale activity underlines a bullish outlook for Chainlink, despite recent price fluctuations, and signals strong confidence in its long-term potential.
