Chainlink Price Reaches New High as Whales Accumulate 54M LINK

Chainlink (LINK) prices have surged after large investors purchased over 54 million LINK tokens, leading to an unexpected rebound and positioning the token for potential gains. This accumulation activity indicates a tightening supply of LINK tokens, attracting attention toward potential market shifts. 54 million LINK was purchased at the $16 price level, setting the stage for a possible move to $27. However, Chainlink’s leadership has remained silent on this recent surge, with no official comments from CEO Sergey Nazarov or CTO Steve Ellis regarding the developments.