Cryptocurrency whales continue to actively accumulate Chainlink token (LINK). This is reported by Lookonchain analytics service Lookonchain in X (formerly Twitter).
According to their data, the address withdrew 62,207 LINK (about $1.07 million) from the OKX exchange in a few hours. Over the past five months, this user has cumulatively collected more than 1.1 million LINK, equivalent to about $19 million.
Another major player has withdrawn 66,113 LINK (over $1.14 million) from the Kraken crypto exchange. In the last 30 days, he accumulated a total of 307,684 LINK (approximately $5.34 million).
In addition, according to data from analytics platform Santiment, addresses holding between 100,000 and 1 million LINK have steadily increased their positions:
- 12 months — 40 million LINK.
- in six months — 12.9 million LINK.
- in three months — 8.7 million LINK.
- for a month — 2.8 million LINK.
Analysts also paid attention to the average 30-day returns of LINK token traders. If it falls below 5%, it usually indicates a potentially profitable entry point, it said.
Note, the LINK token is trading above $17 at the time of writing:
Recall, earlier in Chainlink announced the creation of a reserve in LINK tokens.