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Chainlink LINK Soars 113% Amid Whale Accumulation and Bullish Technicals
Chainlink LINK Soars 113% Amid Whale Accumulation and Bullish Technicals
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Chainlink LINK News -
Chainlink's LINK token has surged 113% from its yearly low, hitting $22.46, driven by strong whale activity and bullish technical indicators. On-chain data shows a 21% monthly increase in whale holdings, now totaling 4.53 million tokens, while exchange reserves have dropped to 273 million.
The Elliott Wave pattern indicates further upside potential, aligning with the protocol's token buyback initiative. As the leading oracle network, Chainlink's market cap now exceeds $14 billion, setting the stage for what analysts call its most significant growth phase yet.
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