Whale Buying Drives Ethereum’s Price Up: Chainlink Reaches New All-Time High

Chainlink (LINK) has experienced significant price growth in recent days, fueled by substantial whale accumulation. This surge is coupled with a rise in technical indicators and the launch of a new Exchange Traded Fund (ETF), indicating a shift in market sentiment. 4.73 million LINK tokens were purchased by large investors within just two days, according to on-chain data from analyst Ali Martinez. This buying activity has coincided with a price rebound from $12.50 to around $15, suggesting a potential for short-term momentum.