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Chainlink LINK Whale Activity Surges Amid Price Correction
Chainlink LINK Whale Activity Surges Amid Price Correction
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Chainlink LINK News -
Chainlink (LINK) has pulled back 11% from its August 13 peak of $24.74, currently trading at $22.29. This dip has sparked aggressive accumulation by high-net-worth investors, with on-chain data showing 232 whale transactions over $100,000 on August 14 alone—marking a seven-month high for large transfers.
Whale activity previously drove LINK to $24.31 before the current consolidation. The altcoin remains a focus for major stakeholders, with network engagement metrics hitting eight-month highs. "This surge in whale participation signals renewed institutional confidence," noted one analyst, referencing LINK's 40% weekly gain.
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