Whale Investors Accumulate Millions of Chainlink (LINK) as Altcoin Market Seeks Balance

Prominent on-chain analytics platform Santiment reports that, following a sharp decline that sent prices to their lowest in three years, deep-pocketed investors have been accumulating millions of Chainlink (LINK). The analytics platform also highlights Cardano’s (ADA) potential as a buying opportunity, signaling that the altcoin market is entering a phase of rebalancing. Middle-Size Wallet Addresses Hoarding LINK Santiment noted that wallet addresses holding between 1,000 and 100,000 LINK have accumulated roughly 3.9 million LINK worth about $20 million over the past week. According to the analytics platform, the activity of these large whales has reached a record level for 2023: The amount of Chainlink whale transactions has reached its highest level in 2023 as prices plummeted to a three-year low of $5 over the weekend. Medium-sized wallet addresses (holding between 1,000 and 100,000 LINK) are especially accumulating in large volumes, accumulating 3.9 million LINK ($20 million worth) over the past […] The post Whale Investors Accumulate Millions of Chainlink (LINK) as Altcoin Market Seeks Balance appeared first on COINTURK NEWS.