Crypto Whales Move $693 Million Worth of Chainlink (LINK)
Although the first four months haven’t gone as many expected, there is a belief that a crypto market rally is close. That could be the case for Chainlink (LINK), as whale activity around the asset has surged by triple-digit percentages. Indeed, according to on-chain data, LINK has seen a 299% surge in whale moves over the last 24 hours, with the rest of the crypto market falling. According to IntoTheBlock data, Chainlink’s large transaction volume, which indicates whale activity, increased by 299% in the last 24 hours, reaching 6.71 million LINK, or $101.4 million. This comes as leading coins like BTC and ETH were down on Friday. Chainlink had a rough week, falling 11% in the past seven days. The recent moves, hence, could be a mix of panic selling or swooping up the asset at a low price. The latter could give LINK a much-needed rebound heading into the weekend. A combination of macroeconomic uncertainty, profit-taking, and crypto whale liquidations led to a $703 million liquidati...
