The Supply of Chainlink Owned by Whales is on the Decline; Here’s Why
Chainlink’s price is sliding lower today as the entire crypto market shows some signs of weakness. Its ongoing descent comes as BTC breaks below $19,000 and as other cryptocurrencies like ETH also turn lower. So far, the decline seen by LINK has been tempered, but it is rapidly approaching a crucial support level that has […]
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Amid the turbulent crypto bear market, Chainlink whales are continuing to show their hand by refusing to back down. This has led to a rapid rise in not only the holdings of these Chainlink whales but the number of whale addresses associated with the altcoin as well. Chainlink Whale Addresses Rise By 6% In a […]
On-chain data shows that large Chainlink holders have been buying during the past two weeks, a sign that’s positive for the coin’s rally. Chainlink Sharks & Whales Have Added Another $53 Million In LINK As pointed out by analyst Ali in a post on X, the large LINK investors have been buying recently. The indicator […]
On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]
Chainlink (LINK) managed to trim its week-to-date losses after going down by as much as 10% following massive altcoin price correction a couple of days ago. The crypto, trading at $7.04 according to latest tracking from Coingecko, managed to stop further price bleeding, increasing by 2.1% over the last 24-hours and lowering its seven-day decline to 5.5%. But even with its price woes that made the digital asset fall from its October 2022 high of $7.92, traders appeared to be unfazed. In fact, Santiment shared on its Twitter post that there were three social dominance spikes recorded for....
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation. Chainlink (LINK) returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8. LINK plunged by as much as 10% into the day to reach $8. While BTC and ETH slipped by approximately 6.5% and 9%. That contrasts with the trend witnessed on Nov. 7, wherein LINK rallied 14% to $9.25, its three-month high, while BTC and ETH dropped 1.5% and 0.5%, respectively.LINK/USD two-hour price chart.....