It has been just revealed that Chainlink whales activity has been able to hit a 2023 high. Tale a look at the following reports about the issue below.
Chainlink whale activity hits 2023 high
It’s has been just reported that the leading analytics firm says that deep-pocketed investors are scooping up millions of Chainlink (LINK). This is important because it is happening after a sudden price dip to a three-year low.
Santiment stated the fact that wallets holding between 1,000 to 100,000 Chainlink accumulated 3.9 million LINK, worth about $20 million, during the last week.
The big whale activity has been able to mark a record high for 2023, according to the firm.
“The amount of Chainlink whale transactions has hit a 2023 high as prices fell to a three-year low $5 this weekend. Mid-sized 1,000-100,000 LINK wallets are particularly accumulating big, with 3.9 million LINK (worth $20 million) accumulated in the past week.”
The analytics firm also made sure to state that trading volume and social dominance is at 2023 highs for ADA after it dipped to the $0.25 level.
“The Cardano capitulation happened more notably than other altcoins during Friday’s crash.”
📈 The #Cardano capitulation happened more notably than other #altcoins during Friday's crash. After prices fell -35% between June 5-9, the #buythedip opportunity came when $ADA volume, address activity, and social dominance all hit 2023 highs on Saturday. https://t.co/GJ1teKN3ed pic.twitter.com/ni5MILllNr
— Santiment (@santimentfeed) June 12, 2023
It has been also reported the fact that the collapse coincided with the U.S. Securities and Exchange Commission (SEC) suing the world’s top two crypto exchanges, Binance and Coinbase. The SEC attacked them for alleged securities violations and labeling a number of altcoins as securities.
“With traders still very much aware of the SEC going after Binance and Coinbase, the mass hysteria has at least settled down. Until the next developments with the lawsuits, we could see some gradual rising of prices back to pre-crash levels.”
