Top Chainlink Whales Accumulate $263M in LINK
- The top 100 Chainlink addresses have added a total of approximately $263 million worth of LINK tokens since early November.
- This accumulation follows a period of distribution in October, during which these addresses reduced their holdings.
- Despite the recent increase in holdings, the accumulation pace has slowed down in December compared to November.
- Chainlink recently lost a multi-year technical support line, indicating potential resistance challenges ahead.
- As of the latest data, Chainlink is trading at approximately $12.96 per token.
The recent activity by top Chainlink investors suggests renewed confidence as they accumulate significant amounts of LINK following an earlier selloff period. This shift comes amid technical challenges for the asset, with its recent break below a long-standing support level potentially influencing future price movements.
The addition of over $263 million in LINK by major holders not only reverses previous declines but also raises their holdings to new heights, underscoring their strategic influence on the market dynamics. (Source)
