While spot Bitcoin ETF applications by the world's largest financial companies triggered the rally in Bitcoin, the rally in BTC also mobilized altcoins.
In this context, while BTC has increased by close to 15% in the last week, increases between 10% and 20% have been seen in altcoins in general.
One of the altcoins that benefited from this bullish wave was Chainlink (LINK).
Drawing attention with its 14% increase in the last week, LINK was also in the focus of whales.
Popular cryptocurrency platform Lookonchain wrote that a whale was collecting LINK.
Stating that a whale has collected LINK through Kraken in the last 3 months, Lookonchain announced that it received 353,500 LINK, worth 2.4 million dollars, yesterday.
“A whale bought 353,500 LINK (worth $2.14 million) 8 hours ago, again from Kraken.
Whale has received a total of 1,588,500 LINK (worth $9.67 million) from Kraken in the last 3 months.
The average LINK purchase price for the whale is $6.78."
Recently, closely followed analyst Michael van de Poppe also shared his price expectations for LINK.
In this context, Poppe explained that he expects the $18-$22 range in Chainlink.
*Not investment advice.