Chainlink Whales Amass 9M Tokens as LINK Price Soars 70% – What’s Next?
Chainlink (LINK) whales are making waves in the crypto market, accumulating 9M tokens as the price skyrockets 60-70%. What does this mean for investors? Let’s dive into the details.
Chainlink Whales Drive Market Momentum
On-chain data reveals that large investors have added 8-9 million LINK tokens in the past month, including 1.6 million in just two weeks. Key trends:
- Large transactions ($1M–$10M) surged 1,400%.
- Mid-sized transfers ($100K–$1M) rose 463%.
- Whales are moving tokens off exchanges, signaling long-term confidence.
LINK’s price hit $19.4, with analysts eyeing $20-$23 if accumulation continues. However, an RSI of 82 warns of short-term volatility.
PEPE Coin Stabilizes After Sharp Drop
Following a 10% drop on July 23, PEPE has settled into a tight range of $0.0000124 to $0.0000127. Key insights:
- Daily trading volumes remain high ($750M–$2.3B).
- Technical forecasts suggest a dip to $0.000011 or a breakout to $0.000016.
- The coin is in consolidation, awaiting a clear directional move.
Cold Wallet: A Game-Changer in Crypto?
Cold Wallet is flipping the script on traditional crypto wallets by rewarding users for on-chain activity. Highlights:
- Native token CWT is in Stage 15 of a 150-stage presale at $0.00924.
- Projected launch price: $0.35171, with potential to reach $2.
- 40% of the 10B token supply is available in the presale.
Cold Wallet’s cashback rewards and low entry price make it a standout for early adopters.
Crypto Market Outlook: Consolidation and Growth
The market is in flux, with whales accumulating LINK, PEPE stabilizing, and Cold Wallet emerging. Projects with real utility and growth potential are attracting attention.
FAQs
1. Why are Chainlink whales accumulating tokens?
Whales are likely betting on long-term growth, moving tokens off exchanges to reduce sell pressure.
2. Is LINK overbought?
With an RSI of 82, LINK is overbought, signaling potential short-term volatility.
3. What’s next for PEPE?
PEPE could dip to $0.000011 or break out to $0.000016, depending on market sentiment.
4. How does Cold Wallet work?
It rewards users for swaps, bridges, and transactions, creating a self-sustaining ecosystem.
