Whales Withdraw 9.94M LINK Tokens Worth $188 Million from Binance
Large investors, known as whales, are accumulating Chainlink (LINK) as October ends.
- 39 new wallets withdrew 9.94 million LINK (around $188 million) from Binance after the market dip on October 11.
- Additional data shows another wallet withdrew 1.619 million LINK ($28.39 million), while a newly created wallet pulled 998,000 LINK ($18.33 million) recently.
- These movements total 2.617 million LINK ($46.72 million) at an average price of $17.8 over nine days.
Market analysts view these activities as confidence in Chainlink's long-term potential, especially in DeFi and enterprise blockchain integration.
Analysts Predict Potential Upside for LINK Price
- The Holder Accumulation Ratio is at 98.9%, indicating most holders are increasing their LINK holdings.
- Current trading price is $18.56, up 3% in the last day.
- A breakout above $21.45 could lead to a rise to the $22-$24 range.
- RSI trends higher, showing increased buying interest; support is around $17.
- Crypto trader Don sees a bullish flag pattern potentially pushing LINK to $35 soon.