Chainlink Whale Transaction Count Reaches Highest Level Since 2023
Recent on-chain data indicates a significant increase in the Whale Transaction Count for Chainlink, suggesting potential price volatility ahead.
Key Points
- Whale Transaction Count for Chainlink has reached its highest level since December 2023.
- This count measures LINK transfers over $100,000, reflecting activity from large holders.
- Current transactions peaked at 1,659, coinciding with a recent price drop.
- Increased whale activity may lead to further volatility in Chainlink's price.
- The spike in transactions follows a market decline, possibly signaling renewed interest.
Current Status
Chainlink is trading at approximately $19.8, down 14% over the past week.
