Chainlink (LINK) experienced a sharp decline in price, dropping to $13.18, but has since rebounded by 13% to $15.25. Despite market volatility, large wallets have been accumulating LINK, with the top five holders now controlling 18.15% of the total supply. This concentration suggests strategic positioning and confidence in the long-term stability of Chainlink. Historical data indicates that accumulation phases often precede upward trends, indicating a potential price expansion in the future. The presence of centralized exchanges and liquidity pools among the top holders ensures a balanced distribution of LINK.



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