The recent movements of Chainlink whales have caused a stir in the market, and their large-scale hoarding of $LINK has attracted widespread attention.
According to on-chain data, a whale address 0x73d3 spent nearly $6 million on Tuesday to purchase a large amount of LINK. This move undoubtedly injected a strong bullish signal into the market.
According to data released by Debank.com on December 3, this Chainlink whale made a precise attack during the upward trend of LINK and purchased 269,861 LINK with a total value of up to US$6.68 million.
Among them, 107,838 tokens were purchased through the DEX platform, costing US$2.6 million, with an average price of approximately US$24.1; and 162,024 tokens were purchased from the CEX platform Binance, costing US$4.08 million. This series of purchases undoubtedly added a strong stroke to the upward trend of the LINK token.
With the surge in LINK's price, bullish sentiment in the market is also rising. As of the writing of this article, LINK's price has increased nearly 28%, reaching $24.98, with a 24-hour low of $19.02 and a high of $26.50. Meanwhile, the trading volume of the cryptocurrency has skyrocketed by 930%, a figure that undoubtedly further enhances investors' confidence in LINK's future performance.
It is worth noting that the open interest in Chainlink futures has also surged by 58%, reaching $704.92 million, while derivatives trading volume has skyrocketed by 451%, reaching $5.04 billion. This string of market data undoubtedly sends a strong signal to investors: the future trajectory of LINK tokens is worth looking forward to.
Additionally, analysis by CoinGape Media indicates that LINK is expected to soar by 500% in the future, potentially following in the footsteps of XRP to become a standout in the market. This bullish prediction has not only been acknowledged by leading analysts but has also sparked widespread interest among market participants.
Now LINK has surpassed its highest point of $22.85 this year, a feat that undoubtedly brings substantial returns to investors.
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