Fresh Whale Activity: Link Price Soars Amidst Accumulation Surge

Recent on-chain data from Lookonchain reveals a significant accumulation by fresh crypto whales for Chainlink (LINK) over the past week. Analysis suggests these newly formed wallets purchased a considerable amount of LINK on Binance, amassing 2.52 million LINK worth approximately $36.43 million. These tokens were then transferred to cold wallets. The surge in price coincides with a broader market uptick and LINK’s ranking as the 34th highest-performing cryptocurrency in the past week among the 100 largest by market cap.