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Chainlink Whale Buys $6.8M Worth of Tokens Amid Market Weakness

Guavy AI Editorial Team
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LINK
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A large Chainlink whale investor has made headlines by purchasing $6.8 million worth of LINK tokens, signaling confidence in the asset's potential despite ongoing market weakness.

The transaction saw the whale acquire 800,000 LINK tokens from Coinbase, increasing their total holdings to over 5.3 million tokens valued at $44 million.

This accumulation comes as Chainlink's price dipped below $9, creating a buying opportunity for investors.

Despite market volatility and negative price momentum, demand for LINK has rebounded to levels seen in 2024, with traders showing long-term confidence by holding rather than selling.

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