The number of active $LINK addresses has surged to its highest level since May, coinciding with a significant outflow from exchanges.
This suggests a trend of accumulation during a period of market turbulence.
The number of active $LINK addresses has reached its highest level since May.
Interestingly, this surge occurred alongside a general outflow from exchanges, suggesting accumulation during yesterday's troubled market pic.twitter.com/rpIXkrW00c
— IntoTheBlock (@intotheblock) August 6, 2024
Chainlink LINK Stands Out
According to data from an exclusive dashboard, the following DeFi tokens have seen the most accumulation by Whales over the past seven days:
1. $LINK: +$106.60M
2. $MKR: +$51.20M
3. $UNI: +$24.19M
4. $LDO: +$9.39M
5. $INJ: +$6.87M
6. $SWFTC: +$4.39M
7. $CRV: +$3.56M
8. $SNX: +$3.41M
9. $FRONT: +$3.21M
10. $AMPL: +$2.04M
https://twitter.com/iCryptoAI/status/1820998187773284631?t=oY16EYnMniiaGBRHzHIOzw&s=19
Notably, $LINK stands out with a substantial accumulation volume of $106.60M, far surpassing other tokens. The top three tokens—$LINK, $MKR, and $UNI—are particularly prominent compared to the rest.
This trend underscores the growing confidence among large investors in $LINK, highlighting its potential as a valuable asset in the DeFi space. The significant accumulation by Whales indicates a bullish outlook for $LINK and suggests that it could be poised for further growth in the near future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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