Chainlink Breaks Through Resistance, Surges Past $30 Mark

Chainlink’s price has experienced a significant surge since mid-August, fueled by considerable whale activity and positive market trends. A notable address has accumulated over 1.29 million LINK tokens, worth approximately $31.15 million, from Binance. This accumulation has ignited investor confidence in Chainlink’s future price potential despite volatile market conditions. As of now, LINK is trading near $24 after briefly touching $26, signaling strong market presence. The recent surge is largely attributed to this whale accumulation and its impact on liquidity.