Chainlink Under Watch: Whale Activity, Bearish Indicators Stir Caution
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A major Chainlink (LINK) whale has begun offloading tokens after more than a year of accumulation, raising concerns about increased sell pressure and a potential price downturn amid broader market weakness. According to on-chain analytics firm Lookonchain, the whale transferred 403,000 LINK, worth approximately $5.87 million, from Kraken to Binance following a year-long accumulation spree during which they amassed 1.75 million LINK. https://twitter.com/lookonchain/status/1930541755092574663 The investor originally purchased LINK tokens at an average price of $7.03, putting total realized gains around $12 million. However, the whale still holds 1.35 million LINK, currently valued at $18.6 million, which may weigh on
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