Chainlink Whales Dump Heavily Sparking Concerns; Is LINK At Risk?

Quick Summary:

Chainlink whales’ decision to heavily offload LINK tokens caused a market stir on Wednesday, signaling the coin’s price is at risk.

Notably, on-chain data by a top crypto analyst revealed that roughly 4 million tokens were dumped in the last 48 hours.

Aside from the bearish Chainlink whale activity, another factor threatens the coin’s price.

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Article Details

Category: Crypto

Markets: India

Topics: Altcoin News 24/7 Cryptocurrency News Chainlink whales Chainlink (LINK)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 07:20:53 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25905458

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Main Topics: Crypto

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