Chainlink Rockets 868% in Whale Moves as LINK Price Returns to $20
Main Idea
Chainlink's price surged to $20, driven by significant whale activity and the launch of Chainlink Reserve, with potential further gains eyed at $26 and $30.
Key Points
1. Chainlink's price rose for four consecutive days, reaching $21.04, a 32% weekly increase.
2. Large transaction volume surged 868% to 60.76 million LINK ($1.21 billion) in 24 hours.
3. Whale wallets holding 100,000 to 1 million LINK increased by 4.2% since August, now owning 0.67% more of the total supply.
4. Chainlink Reserve was launched to support long-term growth, accumulating over $1 million in LINK tokens from off-chain revenue.
5. Market focus is now on potential price targets of $26 and $30 following the $20 milestone.
Description
Chainlink whale and shark wallets consistently adding to bags since August's start
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