Chainlink (LINK) Dodges Crypto Market Correction With 6% Gains. Here why

Chainlink LINK HubMzC

The broader crypto market has entered partial correction after hitting record-high valuations of $2.68 trillion earlier this week. While bitcoin and most other altcoins are in the red, Chainlink (LINK) is shooting northwards gaining more than 6% today.
As of press time, Chainlink (LINK) is trading 6.17% up at a price of $29.86 with a market cap of $13.3 billion. The recent price rally comes amid heavy whale accumulation for the LINK. As on-chain data provider Santiment reports:
Chainlink has opened Friday by going on a price surge. Millionaire addresses holding 100k to 10m $LINK own about 1/4th of the total supply now, the largest amount held in their history. The 16th market cap ranked asset was last over $30 five weeks ago.
Courtesy: Santiment
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