Whales Accumulate Chainlink and Ethereum Amid Bullish Market Movements
Whale activity in the crypto market is increasing, focusing on Chainlink (LINK) and Ethereum (ETH).
- Wallet "0xf386" accumulated 62,207 LINK from OKX, totaling 1.1 million LINK ($19M) over the past five months.
- Wallet "0xe8aa" withdrew 66,113 LINK from Kraken, accumulating 307,684 LINK ($5.34M) in 30 days.
- An Ethereum whale transferred 8,491 ETH ($32.47M) from OKX to a new wallet.
Recent whale purchases have caused bullish trends for both LINK and ETH:
- LINK's price increased from $16.9 to $17.6 within 12 hours due to whale accumulation.
- The market cap of LINK is near $12 billion, with hopes to break the $20 psychological barrier.
- ETH saw a 1% increase in the last 24 hours, trading near $3,900, aiming to surpass the $4,000 mark.
Chainlink ranks second in development activity, following MetaMask. The overall market remains volatile, influenced by macroeconomic factors and frequent liquidations.