Chainlink (LINK) is experiencing significant sell pressure as whale activities increase and interest in derivatives decreases. This shift has affected market dynamics, with smaller investors taking a more prominent role.
Recent data indicates a 440% surge in netflows from whales to exchanges, as one large holder deposited over 200,000 LINK into Binance, resulting in significant profits despite the overall market downturn.
Retail investors are ramping up their positions, with 75.57% of LINK holders still profitable. Although the trading price has fallen to 15.39 USD, the transition from whale dominance to retail activity suggests a potential for more price volatility.
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