Chainlink became the most held and traded coin by top-100 ETH whales over the past 24 hours. Furthermore, LINK surpassed Shiba Inu as the most bought and sold alt by the large wallet investors. The surged Interest by ETH whales had Chainlink on a significant surge over the past day.
LINK Attracts Top Ethereum Whales
Data from WhaleStats showed LINK’s increased demand by top-100 ETH whales. Large Ethereum addressed purchased 7710 Chainlink coins for $105,877 over the past 24 hours. Meanwhile, LINK surpassed SHIB to be the most held crypto by ETH whales. Shiba Inu attracted massive attention following its latest list on the Robinhood trading app. That had the Dogecoin competitor surging 10% within a couple of hours.
Furthermore, Three Arrows Capital (10th ETH whale) accumulated approximately 135,989 LINK tokens for around $1,855,555 late on Thursday. Also, Radagast Ether whale purchased 269,816 Chainlink for $3,736,964, whereas Great Goblin acquired 199,015 coins for $2,756,357 over the past day.
Chainlink has seen a surged demand by ETH whales recently amid surging partnerships. Moreover, the integrations on Polygon and BNBChain help different projects.
Chainlink Witness Bargain Buying
Most of the LINK’s token buy seemed to follow the latest losses. The alternative coin touched a 1-month low, offering a lucrative accumulation opportunity for whales. The alt plunged to the lowest level on 14 April, hovering at $13.45. The dip attracted whales, and LINK gained approximately 5% from the lows. While publishing this blog, the altcoin traded at $13.92.
LINK remained 0.99% down over the past 24 hours and approximately 11% lower within the last week (Coinmarketcap data). Meanwhile, the crypto had downtrends since April started. Nevertheless, the trading volume saw a significant surge, suggesting a possible rally in the upcoming days.
LINK Price Analysis
According to the 4hr chart, LINK price saw continued uptrends over the past 12 hours, as the alt extended yesterday’s recovery to today’s early session. However, the alt sees selling pressure, and the last candle went red, hinting at another drop. The alt can see gradual surges for the day. However, increased bearish actions may reverse the optimistic case.
