CandleFocus Chainlink (LINK) Skyrockets 293% in Bullish Whale Activity: What's Driving Surge?
2024-09-24
Author: Content Editor
In the last 24 hours, Chainlink has experienced a significant increase in whale activity, with a 293% rise in large transaction volume totaling $82 million or 7.28 million LINK. This surge comes after the recent token unlock of $207.4 million worth of LINK, with 18.125 million transferred to Binance. Chainlink's noncirculating supply address regularly unlocks and transfers around 20 million LINK every three months. Currently, LINK is priced at $11.51, up 0.70% in the last 24 hours and 8.56% for the week. Additionally, 21.co has announced that Chainlink's proof of reserve will be added to 21BTC to address concerns about the backing of the Bitcoin wrapper.
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