👍👍Demirbaş Altcoin’s Whales Accumulated: October Rise Looks Very Similar to Before! 👍👍
According to data from on-chain analytics platform Santiment, the increase in the price of Chainlink (LINK) was supported by significant accumulation by whales. During this period, whales accumulated a total of 8.5 million LINK, gaining a significant position. This situation is shown as one of the main factors that pushed the price of Chainlink up.
Santiment’s report also highlighted the increasing excitement in the LINK community and the increases in on-chain activity. The activity in large wallet addresses in particular created a positive atmosphere among investors. The on-chain data details the factors that contributed to LINK’s rise to 14th place in the market capitalization rankings.
This rise of Chainlink was not limited to the price increase alone, but also increased the general interest in the project. Santiment's report emphasized the significant increase in on-chain activity and the increasing confidence of large investors in the project.
The impact of the accumulations made by whales during this period on LINK price movements is among the topics to be closely followed in the coming period. The Chainlink community expects a further price increase if this activity continues; Santiment experts state that whale accumulations are an indicator of long-term confidence in the project.
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