Chainlink whales accumulate LINK tokens, leading to a 4% price increase to $18.765 and decreasing circulating supply.

Chainlink's large wallet investors, or "whales," have been accumulating LINK tokens, leading to a 4% increase in the altcoin's price to $18.765. Over the past two weeks, these whales have been selling and repurchasing tokens, removing 119,583 LINK tokens from exchanges. This trend could support a recovery in Chainlink's price as its circulating supply decreases. Meanwhile, Bitcoin hovers over $43,000, while altcoins, including Chainlink, gain ground.

February 04, 2024
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