Chainlink is another popular cryptocurrency among bookies or whales.In the last five days, bookies have grabbed $83.6 million worth of LINK coins.According to Lookonchain, these whales have grabbed $83.6 million worth of coins.. 4.56 million Chainlink LINK via Binance trading board
This recent surge occurred during a massive transfer of LINK coins from exchanges. Previously, the Spot On Chain platform disclosed that $4.12 million of LINK coins had been withdrawn from centralized exchanges.
Do organizations accumulate $LINK?
In the last 3 hours, 8 fresh wallets (probably one individual/organization) have collectively withdrawn 227,350 $LINK ($4.12M) at ~$18.1.
Notably, most of these tokens were withdrawn from CEX before the price suddenly jumped by ~4.1% now.
There will be… pic.twitter.com/jVYL0nXw5N
— Spotonchain (@spotonchain) February 5, 2024
The interesting thing is The transfer from these exchanges coincides with a surge in Chainlink’s price, with Chainlink’s market cap increasing by $3.1 billion since the beginning of February.
What is the price of Chainlink coin?
It appears that the massive money feeding of the whales with a spoonful of coins has caused the price of LINK to skyrocket.
Chainlink coin has increased from $14.5 to $20.57, a sudden increase of about 41.8%.
The large-scale transactions involving LINK coins and the increasing value of the asset made it interesting for investors and analysts. Many people start paying attention and start speculating about the future of prices in the middle of these huge transactions.
Source: U.Today
#price #Chainlink #suddenly #surges #bookie #million #dollars
