In the ever-changing cryptocurrency market, Chainlink (LINK) is becoming the focus of attention. Numerous institutions are rushing to accumulate LINK, making it a 'hot commodity' in the market.
Whale addresses are on a buying spree, LINK becomes the darling of institutions
According to Lookonchain monitoring, in the past two days, multiple whale addresses have significantly increased their holdings of LINK, with a cumulative purchase of over 610,000 tokens. Among them, address 0x3c9E has withdrawn 510,000 LINK (approximately $11.13 million) from Binance exchange in the past two days and deposited it into the Compound protocol. Additionally, addresses 0x42A1 and 0x848a purchased 59,560 (approximately $1.34 million) and 44,846 (approximately $1 million) LINK respectively, four and five hours ago.
In the past two weeks, the number of LINK tokens purchased by whale addresses has reached a staggering 8.1 million, valued at over $150 million. Such large-scale buying activity undoubtedly sends a strong bullish signal to the market, drawing significant attention to LINK.
Chainlink partners with ICE, embarking on a new journey
The partnership between blockchain oracle platform Chainlink and Intercontinental Exchange (ICE) injects strong momentum into the future development of LINK. Chainlink announced that this collaboration will integrate ICE's consolidated data streams (which aggregate market data from over 300 global exchanges and markets) into Chainlink's derivative data set.
The support of these information streams is extensive, covering over 2,000 decentralized applications (DApps) and major financial institutions, providing the necessary market information for their operations in a tokenized environment. This collaboration not only enhances Chainlink's authority in the data field but also expands its application scenarios in the financial sector, laying a solid foundation for the appreciation of LINK's value.
Personal Operation Sharing: Trading Opportunities for LINK
I cleared my LINK position at 22.5 yesterday during the day, then placed an order to buy back at 20.85, and this morning LINK's price dropped to 20.84. This operation allowed me to successfully capture trading opportunities amidst LINK's price fluctuations and made me deeply realize the significant impact of rapid changes in market sentiment on LINK's price.
Frontline cryptocurrency news, join us for the bull market feast
Follow me as I take you deep into every corner of the crypto world. I will continuously update the latest news from the cryptocurrency market every day, uncovering those 'bull coins' with explosive potential. Let's ride the bull together and sit steadily on the second half of the bull market, sharing the wealth feast brought by the cryptocurrency market!
Can Chainlink (LINK) become the new trend in the crypto market? Let's wait and see. With the backing of numerous institutions and whale addresses, LINK's future performance is worth looking forward to.
#BTC重返12万 #ETH突破4300 #LINK. #LINK🔥🔥🔥 #BTC走势分析 $LINK
