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LINK Accumulation Continues as Price Breaks Above Two-Year Resistance

Published 02/10/2024, 05:10 PM
Updated 02/10/2024, 05:15 PM
LINK Accumulation Continues as Price Breaks Above Two-Year Resistance

  • According to Lookonchain, an unidentified whale is accumulating LINK.
  • The whale withdrew 4,556,684 LINK, equivalent to $83.6 million, via 55 fresh wallets in the past five days.
  • LINK broke above $18 for the first time in about two years.

According to Lookonchain, a smartmoney on-chain analytics platform, an unidentified whale is accumulating LINK, the native crypto of the Chainlink ecosystem. In a recent post on X (formerly Twitter), the analytics platform shared a document showing some of the unidentified whale’s latest transactions.

Lookonchain showed that the whale withdrew 4,556,684 LINK, equivalent to $83.6 million, via 55 fresh wallets in the past five days. Previous posts by Lookonchain revealed similar transactions by unknown whales and institutions, although the platform did not specify whether it was referring to the same whale.

The post LINK Accumulation Continues as Price Breaks Above Two-Year Resistance appeared first on Coin Edition.

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