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Chainlink Whales Increase Holdings as Price Falls Below $13
Recent on-chain data indicates that major Chainlink investors, known as whales, have been accumulating LINK despite a price drop below $13.00.
Key Developments
- The top 100 Chainlink addresses, which include significant whales, have increased their holdings by 16.1 million tokens since early November.
- This accumulation trend began in November during a price decline and resumed recently as the token fell below $13.00.
- Santiment suggests that "smart money" may be preparing for a potential price increase by acquiring more LINK.
Comparison with Bitcoin Activity
- Bitcoin sharks and whales (holders of 10 to 10,000 BTC) have increased their holdings by 36,322 BTC over nine days, reflecting a 0.27% rise.
- Retail investors, holding less than 0.01 BTC, have reduced their holdings by 132 BTC (0.28%) in the same period.
Current LINK Price
- Chainlink's current price is approximately $12.33, marking a decrease of over 10% in the past week.