Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23.\u00a0 The latest dip, however, extended its weekly losses to almost 22%.<\/p>\n
This prompted many whales to accumulate the token.<\/p>\n
There has been a noticeable uptick in the holdings of wallets containing between 10 million and 100 million LINK coins, rising from approximately 475.79 million to 479.78 million within a short period.<\/p>\n
According to popular crypto analyst Ali Martinez, this translates<\/a> to a purchase of over $44 million worth of LINK, which reflects bullish behavior among large holders during the price retracement. The accumulation trend suggests growing confidence in LINK\u2019s long-term potential.<\/p>\n Lookonchain\u2019s recent tweet further validated the strong conviction among whales. The blockchain analytics platform identified<\/a> nine fresh wallets withdrawing a total of 362,380 LINK tokens, which is worth around $8.19 million, from Binance within the last 48 hours.<\/p>\n Before the recent market turmoil, the LINK token saw a significant price increase and a boost in market activity, attributed to World Liberty Financial (WLFI) \u2013 a project backed by Donald Trump\u2019s family \u2013 strategically increasing<\/a> its holdings. This wave of renewed interest has led to a sharp rise in market activity.<\/p>\n As such, CoinCodex has predicted<\/a> that Chainlink\u2019s price will increase by more than 53%, potentially reaching $35.56 by January 22, 2025. The market sentiment remains Neutral, while the Fear & Greed Index stands at 70 (Greed). In the past 30 days, Chainlink had 16 green days out of 30, with a volatility of 17.48%.<\/p>\n Earlier this month, market intelligence platform Santiment reported that Chainlink is at the forefront of the real-world assets (RWA) sector in terms of development activity. Its analysis<\/a> highlighted that the decentralized oracle network is leading the sector, followed by Synthetix (SNX), a synthetic asset platform based on Ethereum, and Dusk Foundation (DUSK), which focuses on privacy and tokenization.<\/p>\n According to the data, Chainlink recorded nearly 394 significant GitHub events in the last 30 days, while Synthetix and Dusk Foundation had 176.6 and 34.7, respectively.<\/p>\n Besides, Chainlink has partnered with leading companies such as Coinbase, SWIFT, UBS, and Emirates NBD for the RWA tokenization industry.<\/p>\n The post Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23.\u00a0 The latest dip, however, extended its weekly losses to almost 22%. This prompted many whales to accumulate the token. LINK Whales\u2019 Conviction There has been a noticeable uptick in the holdings of wallets containing between 10 […]<\/p>\n","protected":false},"author":0,"featured_media":30574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30573"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30573"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30574"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Chainlink Leads Real-World Assets (RWA) Sector<\/h2>\n