Whale Acquires $42 Million Worth of Chainlink ($LINK) in 48 Hours: What’s Behind the Surge?

By Ethan Glober Feb 7, 202464Views

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A Noted Whale Is Stockpiling Chainlink Tokens, Analysis Shows

Over two days, a total of 47 newly created wallets accumulated more than $42 million worth of Chainlink (LINK) tokens, according to on-chain analysis service Lookonchain.

Surfaced Dormant Whales Likely Contributed to Price Jump

Days earlier, dormant wallets created the highest Age Consumed spike after the network showed signs of Fear Uncertainty and Doubt (FUD).

Chainlink Staking Expansion Aims to Make it More Accessible

Chainlink Staking v0.2 was launched to make staking more accessible and is in line with Chainlink’s Economics 2.0 initiative.

Staking Feature Rolled Out in December 2022

The staking feature, designed to improve the functionality of the token, allows LINK holders to support the performance of Oracle services, earn rewards, and contribute to the security of the network.

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Ethan Glober

Ethan Glober emerges as a visionary weaving the roles of crypto analyst, relentless researcher, and editorial artisan into a captivating narrative of insight. Within the dynamic realm of digital assets, Ethan's insights resonate like an intricate melody, resonating with curious minds from all walks of life. His ability to untangle the most complex threads of crypto intricacies seamlessly melds with his editorial finesse, transforming intricacy into a harmonious composition of understanding. Guiding both seasoned explorers and curious newcomers, Ethan's insights serve as a compass for well-informed decision-making amidst the ever-evolving currents of cryptocurrencies. With the craftsmanship of a linguistic virtuoso, they craft narratives that enrich the evolving mosaic of the crypto landscape.