Chainlink Whale Accumulation Fuels LINK Price Surge Towards $50

Large-scale Chainlink whale transactions have sparked excitement in the crypto community, driving the price of LINK towards $50. Recent activity by a prominent whale, identified by Lookonchain as 0x4EBD, has seen them withdrawing over $6 million worth of LINK tokens from Binance within a short time frame. This massive accumulation brings their total holdings to a staggering $31.15 million in just four days. 0x4EBD’s actions mirror the strategies of venture capital funds, focusing on long-term infrastructure investments and showcasing a confident outlook for the Chainlink ecosystem.