Chainlink registered a remarkable 125% uptick in large transactions, indicating significant movement by whale investors. Over the past 24 hours, the total volume reached 133.94 million USD, equivalent to around 8 million LINK tokens.
Notable transfers of over 2.5 million LINK tokens from Bybit exchange to unknown wallets suggest strategic repositioning by major holders. This kind of activity often reflects a shift in market confidence among whales.
Despite a slight price decrease of 1.31% for Chainlink at 16.65 USD amid profit-taking, it has increased by 17% over the past week. Current inflation data suggests a 0.2% rise in the consumer price index, with little impact on the crypto markets.
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