Chainlink Skyrockets 299%, Outpacing Market Downturn as Whale Activity Booms

Despite a broad crypto market downturn of over $693 million, Chainlink has experienced a significant surge in whale activity. On-chain data reveals a staggering 299% increase in large transaction volume for the token within the past 24 hours, reaching an impressive 6.71 million LINK worth approximately $101.4 million. This unexpected movement coincides with a broader market sell-off triggered by uncertainty surrounding upcoming inflation data and potential interest rate hikes from the Federal Reserve.