The Rise of Chainlink Whale Accumulation Points to Continued LINK Price Rally

The Rise of Chainlink Whale Accumulation Points to Continued LINK Price Rally

Chainlink Whale Accumulation

Over the last two days, the 200 largest chainlink whales have been accumulating large quantities of LINK coins. They began this accumulation even before the 100% rally in the LINK price.

Wallets holding large amounts of LINK have sustained high levels, and the asset is as of now stabilizing around ~$14.60 after witnessing a remarkable surge of +125% in 25 days.

Chainlink is as of now experiencing some volatility. The LINK price is down by 5.09% in the previous day and is as of now trading around $14.30 levels.

XRP Surpasses Ethereum in 2023 Despite Ongoing Legal Issues

Popular cryptocurrency analyst Ali Martinez has observed that Chainlink seems to be on the verge of breaking out from a positive trend flag pattern. He sees the  capacity for Chainlink to advance toward the $20 mark.

SWIFT Collaborate With Chainlink To Transfer Tokenized Value

Swift and over 12 prominent financial institutions have collaborated with Chainlink to showcase the efficient and secure transfer of tokenized value across both public and private blockchains using CCIP.

Chainlink served as an enterprise abstraction layer, securely connecting the Swift network to the Ethereum (ETH) Sepolia network, ensuring complete interoperability between the source and destination blockchains.

Top Cryptocurrencies to Invest in December 6th – Polkadot, yPredict, Dai

Hot Take

Amid the recent developments, Chainlink has been upgraded to an “A-” rating by cryptocurrency rating agency Weiss Cryptocurrency. This upgrade comes after Chainlink’s successful collaboration with Swift and financial institutions, showcasing the efficient and secure transfer of tokenized value. In addition, Chainlink announced the launch of Staking v2.0, confirming the project’s development and further enhancing its price.

Author – Contributor at | Website

Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.

Ethereum’s Rally Continues, Approaching $2,500 After Brief Pause Below $2,400
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!

Email me the hottest Crypto news!

Latest Crypto News

Share via
Share via