Hold onto your hats, folks! The mighty LINK whales have been making waves during the latest market shake-up, hoarding more of those shiny tokens like they’re going out of style.
So, here's the lowdown: Chainlink (LINK) took a little tumble to $20.1 over the weekend but quickly bounced back, climbing up to just over $23. But before you start popping the champagne, remember it still marked a hefty 22% drop for the week. And what did those savvy whales do? They saw an opportunity and pounced, gobbling up LINK tokens like they’re the last cookies at a bake sale.
Wallets holding between 10 million and 100 million LINK have seen a noticeable boost, swelling from around 475.79 million to a whopping 479.78 million in no time. That's like adding a cool $44 million worth of LINK during the market chaos! Clearly, these big players are feeling bullish, with their eyes set on long-term gains.
Just to add a little spice, Lookonchain spotted nine new wallets snatching up 362,380 LINK tokens, worth around $8.19 million, from Binance in the past 48 hours. Talk about a shopping spree!
Before the market rollercoaster, LINK’s price had been on the up-and-up, thanks in part to World Liberty Financial (WLFI) – yes, the one linked to Donald Trump’s family – making some strategic moves. This stirred up a frenzy, boosting market activity.
Now, if you’re wondering what the crystal ball says, CoinCodex is predicting a LINK price surge of over 53%, potentially hitting $35.56 by January 22, 2025. Market mood? Neutral, with a Fear & Greed Index at a greedy 70. In the last month, Chainlink had 16 green days out of 30, with a volatility of 17.48%.
And there’s more! Chainlink’s been busy leading the charge in the real-world assets (RWA) sector, with nearly 394 significant GitHub events in the past month, outpacing contenders like Synthetix and Dusk Foundation. Plus, they’ve teamed up with big names like Coinbase, SWIFT, UBS, and Emirates NBD in the RWA tokenization game.
So, keep your eyes peeled for Chainlink’s next moves, because this is one crypto story that's far from over!
