Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Crypto News
  • Whales Purchase Chainlink Worth $1.4 Billion amidst Market Sell-off
  • Cardano (ADA)
  • Chainlink
  • Crypto News

Whales Purchase Chainlink Worth $1.4 Billion amidst Market Sell-off

Joshua Sievers September 28, 2021 2 min read

Briefly –

  • Wallet addresses with 1-10 million Chainlink accumulated almost 62 million coins during the price dips.
  • In August this year, large wallets collected LINK, though the supply saw redistribution soon after.
  • The recent Chainlink partnership with Cardano and Avalanche may boost LINK’s price.

Historically, wallet accumulations by large investors have resulted in sell-offs. Also, LINK whales have been holding assets for short durations. A new accumulation cycle steps up, whales purchasing Chainlink worth $1.4 billion.

LINK Whales Purchased the Dip, Adding 62 Million to Their Holdings

Large wallets have purchased 62 million Chainlink coins in the current price dip. The accumulated LINK equals 3.4% of the overall token’s supply. Weak hands, wallets that sell instead of holding digital assets, sold their Chainlink holdings.

The recent massive sell-off in the crypto market encountered accumulation by whales. Large wallets took advantage of the dip, adding their holdings with 62 million assets. Keep in mind that LINK whales accumulated the tokens in 2021 August. However, these investors trimmed their holdings shortly after.

Santiment, a cryptocurrency behavior analytics site, noted the unwillingness of large whales to hold LINK. Therefore, the alt’s supply sees redistribution among small addresses. Shedding Chainlink holdings depicts asset volatility. Meanwhile, LINK has recorded a consistent price drop since September’s initial week.

Market players expected the recent Chainlink partnerships with Cardano and Avalanche to catalyze price upticks. However, the alternative coin failed to record higher moves regardless of the announcements on 25 September.

A pseudonymous crypto analyst on an investment platform using @EffortCapital handle on Twitter posted that LINK will rally. The crypto analysts trust the Oracles network will be the next capital rotation stop after layer-one solutions. Eight Global CEO Michael van de Poppe considers LINK considerably undervalued. Poppe also believes LINK will see bullish runs in sessions to come.

Meanwhile, the total market faced challenges to recover their previous losses on Friday. That was after China declared implementing a total crypto ban in the nation. Though China had announced a crypto ban previously, digital assets reacted negatively, plunging once more. However, most analysts believe LINK will explore higher price zones soon.

Feel free to comment below.

Post Views: 465

Continue Reading

Previous: Turkey Joins Marathon for Becoming One of Leading Countries in CBDC Adoption
Next: VC Firm Andreessen Horowitz Appoints Former US CFTC Commissioner Its Advisor

Related Stories

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation
2 min read
  • Crypto News
  • Cryptocurrency/Cryptocoin

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

August 15, 2022
With 61% Gains, ETH has Successfully Overtaken Bitcoin Sberbank
2 min read
  • Crypto News
  • Ethereum (ETH)
  • Price Analysis

With 61% Gains, ETH has Successfully Overtaken Bitcoin

August 8, 2022
Ripple Survey Claims That In Three Years Cryptocurrencies Will Be Adopted By Three-Quarters Of Institutions
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Ripple (XRP)

Ripple Survey Claims That In Three Years Cryptocurrencies Will Be Adopted By Three-Quarters Of Institutions

August 7, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,824.00
-0.98%
ethereum
Ethereum (ETH)
$1,870.58
-1.37%
tether
Tether (USDT)
$1.00
-0.24%
usd-coin
USD Coin (USDC)
$1.00
-0.13%
binancecoin
BNB (BNB)
$313.39
-1.71%
cardano
Cardano (ADA)
$0.56
0.01%
ripple
XRP (XRP)
$0.373625
0.18%
dogecoin
Dogecoin (DOGE)
$0.084836
8.83%
polkadot
Polkadot (DOT)
$8.88
0.71%
Uniswap
Uniswap (UNI)
$8.29
-2.25%

Recent Posts

  • Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    A class-action lawsuit was recently filed against Robinhood, which supports stock and crypto trading, and the platform has
  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to
  • Alfabtc Review – A Recommended Cryptocurrency Broker

    Alfabtc Review – A Recommended Cryptocurrency Broker

     Alfabtc Review Alfabtc is a competent brokerage firm known for its fast and efficient execution of trade. The
  • With 61% Gains, ETH has Successfully Overtaken Bitcoin

    With 61% Gains, ETH has Successfully Overtaken Bitcoin

    The native token of Ethereum “Ether – ETH” has managed to outperform Bitcoin (BTC) prior to the implementation
  • Ripple Survey Claims That In Three Years Cryptocurrencies Will Be Adopted By Three-Quarters Of Institutions

    Ripple Survey Claims That In Three Years Cryptocurrencies Will Be Adopted By Three-Quarters Of Institutions

    A recent survey has shown that 76% of financial institutions will adopt cryptocurrencies. The survey result has shown

Start Trading

Categories

Top Posts

  • IGI Markets Review – An Overview of the Broker’s Offerings

    IGI Markets Review – An Overview of the Broker’s Offerings

    IGI Markets Review Even though online trading has been around for some time, it has witnessed a significant
  • Sales Of Central African Republic Token Start Slow

    Sales Of Central African Republic Token Start Slow

    It appears that the sales of the token of the Central African Republic are off to a slow
  • Less Than 2% of the World has Exposure to Bitcoin, Says Willy Woo

    Less Than 2% of the World has Exposure to Bitcoin, Says Willy Woo

    After a sudden adoption since the beginning of 2020, there is a little portion of the world that
  • Binance has Adopted Significant Regulatory Measures in Order to Comply with Regulators

    Binance has Adopted Significant Regulatory Measures in Order to Comply with Regulators

    Binance is the largest crypto exchange in the world. Currently, it is serving consumers in more than 200
  • VC Firm Andreessen Horowitz Appoints Former US CFTC Commissioner Its Advisor

    VC Firm Andreessen Horowitz Appoints Former US CFTC Commissioner Its Advisor

    The regulation of cryptocurrency has turned into a hot topic in several recent years. For dealing with such

Archives

You may have missed

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation
2 min read
  • Crypto News
  • Cryptocurrency/Cryptocoin

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

August 15, 2022
JP Crypto Review – a Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

JP Crypto Review – a Recommended Crypto Broker

August 12, 2022
Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
With 61% Gains, ETH has Successfully Overtaken Bitcoin Sberbank
2 min read
  • Crypto News
  • Ethereum (ETH)
  • Price Analysis

With 61% Gains, ETH has Successfully Overtaken Bitcoin

August 8, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$23,824.00-0.98%
  • ethereumEthereum(ETH)$1,870.58-1.37%
  • tetherTether(USDT)$1.00-0.24%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • binancecoinBNB(BNB)$313.39-1.71%
  • cardanoCardano(ADA)$0.560.01%
  • rippleXRP(XRP)$0.3736250.18%
  • SolanaSolana(SOL)$43.12-1.55%
  • dogecoinDogecoin(DOGE)$0.0848368.83%
  • polkadotPolkadot(DOT)$8.880.71%
  • UniswapUniswap(UNI)$8.29-2.25%
  • bitcoin-cashBitcoin Cash(BCH)$136.13-0.61%