While Bitcoin (BTC) is following a boring horizontal trend, there is not much activity in altcoins. Whales, taking advantage of this boring but buying opportunity, continue to buy.
At this point, there is whale activity in Chainlink (LINK), one of the indispensable altcoins of whale portfolios.
According to Lookonchain's post, 54 new whale wallets purchased LINK worth $30.28 million from Binance.
“Whales/institutions appear to be accumulating LINK!
“We noticed that 54 new wallets withdrew 2.08 million LINK from Binance in the last 7 days, worth $30.28 million.”
LINK, which rose to $22 in March, started to decline with the downward trend in Bitcoin and fell to $11 in April.
LINK, which has increased by 2% in the last 24 hours, continues to be traded at $ 14.6 at the time of writing.
It seems that whales/institutions are accumulating $LINK!
We noticed that 54 fresh wallets withdrew 2.08M $LINK($30.28M) from #Binance in the past 7 days.https://t.co/SkqA1r0F1N pic.twitter.com/VkPt0kwPb4
— Lookonchain (@lookonchain) July 2, 2024
*This is not investment advice.
