After facing a pullback to $18 earlier this week, oracle service provider Chainlink (LINK) has once again jumped by 10% shooting past the $20 level. As of press time, the Chainlink (LINK) price is trading at $20.16 standing at a crucial breakout junction. Analysts have been already predicting a further rally to $25.
Chainlink Whale Makes Huge Accumulation
In recent days, there has been a notable surge in interest from Chainlink whales, particularly spurred by intensified activity from a specific whale wallet.
Data from Lookonchain indicates that this particular whale wallet has been steadily accumulating LINK over the past three days. As of now, the whale wallet has acquired a total of 4,556,684 tokens, valued at approximately $83.6 million based on the current LINK price.
The continuous accumulation by this whale wallet is viewed as a positive indicator, hinting at expectations for a potential future rise in the LINK price.
A critical metric analysis revealed a significant rise in the
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