LINK Drops After Rally, Eyes on $20 Rebound

Chainlink (LINK) is retreating after an explosive start to the week, sliding 22.6% in the past 24 hours to trade at $17.84. Despite the downturn, trading activity remains elevated. Spot volume jumped more than 31%, signaling that market participation and investor interest remain strong. Whale Accumulation Sparks Market Frenzy Earlier in the week, LINK rallied roughly 14%, driven largely by heavy accumulation from major holders, or “whales,” who reportedly bought around $116 million worth of LINK following a market-wide pullback.  This accumulation reinforced confidence in Chainlink’s long-term fundamentals and its growing appeal among institutional investors. On-chain observers, including analyst

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