Whale Accumulation Signals Chainlink Rebound

Chainlink (LINK) has recovered from its recent market-wide pullback, rising over 13% in the past week and trading at $13.13 (+5.66% 24h).

The token's price correction from $13.68 to $11.29 was a 17% decline, but whales took advantage of the weakness by accumulating approximately 10.36 million LINK (~$120 million) over the past 96 hours.

Analyst Ali Martinez notes that this kind of accumulation after a sharp pullback suggests whales may be positioning for a rebound.

The buying activity indicates that some large investors are using the decline to increase their exposure rather than waiting for a deeper recovery.