Chainlink whales have shown high activity before the recent surge in the cryptocurrency. On-chain data indicates that these large investors are moving significant amounts, suggesting their participation in trading activity. The chart reveals a spike in Chainlink’s large transaction volume, with whales transferring around 20.38 million LINK worth over $150 million. The reason behind this sudden activity is uncertain, but it could be related to the surrounding price action and anticipation of a rally. However, future spikes may not necessarily indicate a bullish signal. Currently, Chainlink is trading at around $0.74, up over 3% in the past week.
AI Sentiment: Positive