According to onchain data shared by cryptocurrency data provider Lookonchain, fresh whales may have been accumulating in an altcoin over the past week.
According to the data, at least 15 newly created wallets of fresh crypto whales purchased a large amount of Chainlink (LINK) on crypto exchange Binance. The data reveals that 15 crypto whales accumulated 2.52 million LINK worth $36.43 million. The fresh whales transferred these tokens to their own cold wallets.
According to the data, the LINK price has also increased by around 19% in the last week, when the cryptocurrency market has been on the rise in general. The increase rate compared to other altcoins was modestly above average. The LINK price was recorded as the 34th cryptocurrency that rose the most in the last week among the 100 largest cryptocurrencies.
At the time of writing, the altcoin is trading at $15, down 71% from its all-time high of $52.88 four years ago. The coin made one of the most significant upward movements of the last period by climbing to around $30 in December 2024.
*This is not investment advice.
