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Chainlink (LINK) Sees Whale Accumulation as Retail Investors Hold Back
Chainlink (LINK) Sees Whale Accumulation as Retail Investors Hold Back
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Chainlink LINK News -
Chainlink (LINK) is currently trading at $13.36, marking a 3% decline over the past 24 hours but maintaining a 2.4% weekly gain. The altcoin remains 74% below its all-time high of $52.70, reached in May 2021. On-chain data highlights a significant divergence between institutional accumulation and retail investor hesitation.
CryptoQuant analyst 'Banker' points out that LINK's consolidation between $12 and $15 aligns with whales steadily withdrawing tokens from exchanges—averaging roughly -100,000 LINK in net outflows weekly. This accumulation trend is creating supply pressure, potentially dampening price momentum despite increasing institutional interest.
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