Chainlink Whale Buys 800K LINK Amid Growing Demand

Chainlink's attempt to break above $9 has been unsuccessful so far. The altcoin was rejected at $8.9 and dropped to a low of $8.18 before making slight gains.

At press time, Chainlink is trading around $18.28, down 1.27% on the daily charts. However, this price weakness may have created a perfect buying window for high-net-worth investors.

A whale purchased 800K LINK from Coinbase worth $6.8 million, and after the purchase, transferred it all to a Coinbase custody wallet, suggesting long-term holding.

The whale has been aggressively accumulating LINK, with total holdings now at 5.315 million, worth more than $44 million.