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Can Chainlink flip $9? Whale buys 800K LINK amid growing demand
['Gladys Makena', 'Written By', 'Reviewed By', 'Benjamin Njiri', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
Chainlink’s [LINK] attempt to move above $9 collapsed days ago after LINK was rejected at $8.9.
Chainlink whale buys $6.8MAccording to Arkham data, a whale purchased 800K LINK from Coinbase, worth $6.8 million.
So far, this custody wallet now holds a total of 5.315 million LINK, worth more than $44 million.
With the 2024 market pattern repeating itself, the question is whether demand will also follow another price hike.
Although demand has recovered to 2024 levels, Chainlink’s price action has yet to keep pace.