Chainlink (LINK) has experienced a 175% increase in significant transaction volume, which indicates whale activity.
IntoTheBlock defines significant transactions as ones in which more than $100,000 is moved. In this scenario, the Large Transactions Volume indication represents the total amount of crypto transmitted in such transactions.
Chainlink’s significant transaction volume increased by 175.28% in the previous 24 hours, totaling $338.96 million.
Large transaction volume increased dramatically, rising from 6.17 million LINK on February 19 to 17.65 million LINK on February 20.
Large Transaction Volume gives an estimate of the overall amount transacted by whales on a certain day. Spikes in huge transaction volumes frequently signal increased activity by institutional participants, whether buying or selling.
https://x.com/whale_alert/status/1760245812930498948?s=20
Some large-scale investors, popularly known as whales, have mysteriously moved millions of LINK tokens during the previous 24 hours.
According to Whale Alert, a service that monitors and reports on huge cryptocurrency transactions, whales have shifted millions of LINK tokens between wallets and exchanges in the last 24 hours. Whale Alert detected two such transactions.
In recent hours, an unknown whale wallet sent 4,314,062 LINK valued $79,065,694 to an unknown wallet. Additionally, 2,402,942 LINK worth $46,491,692 were transferred from BlockFi to an unknown wallet.
Chainlink was down 5.40% in the previous 24 hours to $18.33 as of this writing, matching the broader market’s downturn.
