The large Chainlink token holders accumulated more tokens valued at $76.9 million to leverage the recent price slump to $21.50 as analysts predict a potential surge to $80 by May 2025. 

Looking into the on-chain data shows Chainlink whales bought 3.58 LINK tokens valued at $76.9 million as prices stumbled as the broader market suffered the Fed-led rout. 

The Large crypto holders identified as whales bought the dip as the market tumbled following the hawkish remarks by the Federal Reserve chair Jerome Powell hinting at a slower rate cut in 2025. Blockchain analytics platform Santiment attributes the whale activity to the three-day price correction where the LINK value nosedived to $21.50.

Whales Buy December Dip

The massive accumulation occurred when Chainlink’s price slid 27% after encountering rejection at the $30 milestone in mid-December. Despite the price setback, wallets holding 1M to 10M LINK tokens have portrayed strong buying interest.

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