Chainlink Sees Price Surge and Increased Whale Activity Amid New Reserve Launch
Main Idea
Chainlink's price surged by 32% weekly to $21.04, driven by increased whale activity and the launch of Chainlink Reserve, which has accumulated over $1 million in LINK tokens.
Key Points
1. Chainlink's price increased by 32% weekly, reaching $21.04, with an 8.25% rise in the last 24 hours.
2. Large transaction volume surged by 863% in 24 hours, totaling 60.76 million LINK ($1.21 billion), indicating heightened whale activity.
3. The number of wallets holding 100,000 to 1 million LINK increased by 4.2% since August.
4. Chainlink Reserve, an on-chain reserve of LINK tokens, has accumulated over $1 million in LINK tokens.
Description
Chainlink’s recent price surge past $20 is attributed to increased whale activity and the launch of Chainlink Reserve, indicating strong market interest. Chainlink’s price increased by 32% weekly, reaching $21.04.
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