Chainlink Price (LINK) Breaks 3-Year Barrier: Whales Jump In
Chainlink (LINK) continues to outshine the top 10 crypto projects by market cap, recently breaking a five-month price barrier. According to Santiment, LINK just flipped $29 for the first time in over three years. The asset is up over 20% today in price and market cap, continuing its 100% climb over the past month. One of the biggest factors in this recent surge has been the activity of LINK whales, who are buying in on the surging cryptocurrency. According to Santiment data, LINK whales have acquired a corresponding amount of tokens dumped on the market by retail investors. In the last two months alone, whales have accumulated $5.69 million worth of the coin. Currently, over 100,000 LINK tokens are owned by whales. Similarly, less than a hundred thousand LINK holders have dumped their tokens into the market. Market data indicates that these retail traders sold 5.67 million LINK from their collective wallets. This move by investors reveals impatience, panic-selling, or profit-taking bef...