Top 100 Chainlink Wallets Accumulate $263M LINK Since November

Chainlink (LINK) Market Update:

The top 100 Chainlink whales have accumulated 20.46 million LINK, worth $263 million, since early November.
This accumulation has reduced selling pressure as investors anticipate the approval of LINK-based ETFs in the US.
On December 2, the Grayscale Chainlink Trust ETF began trading on NYSE Arca, marking a significant step despite limited pure Chainlink ETFs available.
The ETF approval and whale accumulation led to a 20% price rally for LINK on December 3.
Despite these developments, macroeconomic concerns, including fears of recession, continue to exert bearish pressure on the crypto market.
The LINK token has seen a 57% decline over the past year, with a 6.5% drop in the last 24 hours, currently trading at $12.7.
CoinGlass data indicates a net outflow of 4.35 million LINK, valued at $55.4 million, from leading centralized crypto exchanges over the past 30 days.

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