While the broad3r crypto market consolidates, Chainlink has reversed its trajectory to the north and is making bold moves. Chainlink shark and whale addresses have accumulated $10 million worth of LINK just over the last three days.
The significant “shark” tier of Chainlink holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating. As of now, there are 3,127 wallets within this tier, marking the highest count since December 3, 2022.
LINK price is trading 2.67% up at $6.37 with a market cap of $187 million. Over the last week, the LINK Price is up by 6.29% while most of the altcoins are in the red.
Another positive development for Chainlink (LINK) is that despite the current price surge, investors are not looking for any profit booking. Instead, the exchange reserves for LINK have been dropping. Over the last three weeks, Chainlink investors have withdrawn nearly 1.8 million LINK tokens.
The whale interest in Chainlink has suddenly shot up after the SWIFT Network announced on August 31st that they have successfully conducted tokenization tests in collaboration with Chainlink, Citibank, and other financial institutions.