LINK - Chainlink Has Shed Nearly 10% In A Week But Crypto Whales Are Still Buying It In Droves: Here's Why | Benzinga
Despite the ongoing market downturn, wealthy cryptocurrency investors and institutions have been scooping up a sizeable amount of Chainlink (CRYPTO: LINK) lately.
What Happened: According to on-chain tracking platform Lookonchain, as many as 90 fresh wallets withdrew 6.72 million LINK tokens, worth $86.7 million, from cryptocurrency exchange Binance, in recent weeks.
Large accumulation by whales is typically construed as a bullish signal for a cryptocurrency.
Whales/institutions continue to accumulate !
A total of 90 fresh wallets withdrew ~6.72 (86.7M) from #Binance recently!