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Chainlink (LINK) Stuck in $12-$15 Range as Whales Accumulate Amid Retail Apathy
Chainlink (LINK) Stuck in $12-$15 Range as Whales Accumulate Amid Retail Apathy
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Chainlink LINK News -
Chainlink (LINK) continues to trade within a $12-$15 accumulation range, with whale activity driving the market while retail participation remains stagnant. According to CryptoQuant data, there has been a consistent weekly outflow of approximately 100,000 LINK from exchanges, highlighting institutional accumulation against lackluster retail interest.
Daily active addresses have plateaued at 28,000-32,000, despite increasing utility of Chainlink's oracle network. Meanwhile, whale withdrawals peaked at over 3,000 transactions per day in late 2024. Year-to-date, exchange reserves have dropped by 40%, setting up a potential breakout scenario—though this hinges on renewed retail engagement.
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