This is the reason why LINK's staking volume increased!!!
via.
Chainlink [LINK] started the month with notable momentum. As its value has increased, some wallets have increased their accumulation efforts.
Data from Lookonchain, over the past two weeks, Chainlink has experienced a spike in accumulation.
83 newly created wallets withdrew more than 11 million LINK tokens from Binance during this period, with a total value of more than $216 million, according to the analysis.
Staking metrics on DefiLlama show an interesting correlation â staking volume started to increase in early February, coinciding with the observed accumulation trend.
On February 1, staking volume was estimated at $680 million, but has grown to more than $878 million to date.
