As a boring and difficult week leaves behind in Bitcoin (BTC) and altcoins, investors are wondering whether the decline is over.
Because investors generally tend to buy at the bottom and sell high. Some large investors, who thought these levels were the bottom, also started to make purchases.
At this point, there is whale activity in Chainlink (LINK), one of the indispensable altcoins of whale portfolios.
According to Lookonchain's post, 90 new whale wallets purchased LINK worth $86.7 million from Binance.
“Whales/institutions continue to accumulate LINK!
A total of 90 new wallets recently attracted 6.72 – million LINK from Binance, worth $86.7 million.”
LINK, which rose to $22 in March, started to decline with the decline in Bitcoin and fell to $11.
LINK, which has decreased by 1.2% in the last 24 hours, continues to be traded at 12.5 6 dollars at the time of writing.
Whales/institutions continue to accumulate $LINK!
A total of 90 fresh wallets withdrew ~6.72 $LINK(86.7M) from #Binance recently!https://t.co/W6JaoFM1zShttps://t.co/6Scx8SLtNl pic.twitter.com/m2eqwKvnYE
— Lookonchain (@lookonchain) July 7, 2024
*This is not investment advice.
