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Analysis of Chainlink (LINK) Market Performance and Whales' Accumulation Strategy

by A1

3 months ago

Examining the recent market performance of Chainlink (LINK) reveals notable actions by whales who have accumulated over 6.2 million LINK tokens amidst price corrections. This substantial accumulation during a downturn indicates the confidence of large investors in LINK's growth potential, leading to an optimistic market sentiment and speculations of LINK hitting $20. Santiment's data showing a Market Value to Realized Value (MVRV) ratio of 11.1% suggests a possible undervaluation of LINK, presenting an opportunity for investment. Despite price fluctuations, the positive momentum experienced by LINK aligns with the whale strategies and promising on-chain metrics, hinting at favorable future performance.

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