đ¨đ¨đ¨ ALERT: Whales Amass Chainlink ($LINK ): Whatâs Their Strategy?
Recently, large investors known as whales have been actively purchasing Chainlink ($LINK), prompting questions about their intentions and potential market impact. On July 14, Lookonchain monitoring revealed that 93 new wallets have collectively withdrawn 12.75 million $LINK from Binance since June 24. This large withdrawal, worth around 167 million US dollars, indicates significant accumulation of LINK by these new wallets.
The reasons behind this accumulation are still speculative. Large-scale movements like this often lead to discussions about possible market manipulation or strategic actions that could influence LINK's market dynamics. Investors and traders are closely watching these developments to understand the potential consequences.
In summary, the substantial LINK withdrawals by these new wallets highlight a notable market trend. As the situation evolves, market participants will be closely observing any further actions by these whales and their potential impact on LINK's price and trading volume.
