The LINK token, affiliated with Chainlink, is kicking off the week on a positive note, demonstrating an impressive surge of more than 13% over the past seven days and an additional 8% today.
According to insights shared by analyst Ali on X, Chainlink’s whales have been notably active in the past week, collectively acquiring around 7 million $LINK, translating to a substantial value exceeding $105 million.
In just the past week, #Chainlink whales have purchased approximately 7 million $LINK, worth over $105 million!
This substantial buying spree suggests a growing confidence among major players in #LINK. pic.twitter.com/gg6SxGykhD
— Ali (@ali_charts) December 27, 2023
Massive Notable LINK Token Movement To Watch
In parallel, data from Spotonchain highlights the return of a savvy trader with a $4.5 million profit, signaling renewed interest in accumulating $LINK. The trader strategically gathered 345,488 LINK (equivalent to $5.7 million) from Binance, securing an average price of $16.49 in the recent hours.
Notably, this trader had previously generated an estimated profit of $4.45 million by trading 641,386 LINK between July 20 and December 7, 2023.
💰💰 A smart trader with $4.5M profit returned to accumulate $LINK.
➡️ He accumulated 345,488 LINK ($5.7M) from Binance at an average price of $16.49 in the past 11 hours.
➡️ Previously, he once made an estimated profit of $4.45M from trading 641,386 LINK between July 20 and… pic.twitter.com/Cm2nHrcAcI
— Spot On Chain (@spotonchain) December 28, 2023
The significant buying activity observed in the recent spree suggests a heightened confidence among major players in the LINK token. The collective actions of both Chainlink whales and astute traders contribute to the overall positive sentiment surrounding $LINK, emphasizing its appeal as an attractive investment option in the current market landscape.
To conclude, as Chainlink’s LINK token continues to attract attention and investment, its resilience and growing popularity within the crypto community underscore its potential for further positive developments in the coming weeks.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.