Chainlink (LINK) has seen mixed signals in recent weeks, with its price regressing along with the broader crypto market.
Despite this, significant whaling activity shows continued interest from large conservationists. According to data provided by Santiment, whales holding between 1M-10M LINK have collected 3.58M coins ($76.9M worth) in just three days.
This is in contrast to the excitement earlier in December when LINK crossed $29 for the first time in over three years, raising hopes in the community.
Retail investors have shown a different trend, selling 5.67M LINK over the past two months, which may be driven by impatience, profit-taking, or fear. about another price decline.
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At the same time, whale activity also includes short-term movements. According to data by Lookonchain, a whale recently sent 250K LINK ($5.37M) to Binance and OKX after withdrawing 595K LINK ($17.31M) earlier this month at an average price of $29.1 , now facing an unknown loss of ~$4.5M as LINK returns.
In the past two months, Chainlink whales with over 100,000 LINK tokens have purchased 5.69 million worth of the coin. Similarly, less than a hundred thousand LINK holders have placed theirs on the market.
Data shows that these retail traders sold 5.67 million LINKs from their collective wallets. This movement by retail investors could indicate impatience, panic selling or profit taking before the price falls again.
Source: https://u.today/77-million-in-chainlink-link-accumulated-in-just-3-days-whats-happening
