Whale's $44M Bet on Chainlink: Is $9 Flip Next?

Chainlink's (LINK) price attempt to break above $9 collapsed last week after it was rejected at $8.9, causing the altcoin to drop to a low of $8.18 before making slight gains.

However, with Chainlink currently trading around $18.28, down 1.27% on the daily charts, market analysts believe that this price weakness has created a perfect buying window, especially for high-net-worth investors.

A whale purchased 800K LINK from Coinbase, worth $6.8 million, raising their total holdings to 5.315 million LINK, worth over $44 million.

The whale's aggressive accumulation of LINK suggests long-term confidence in the market and potential future gains.