Over the last 30 days, Chainlink's [LINK] price has registered a sustained uptrend. In fact, since hitting a local low of $10, the altcoin...
price has registered a sustained uptrend. In fact, since hitting a local low of $10, the altcoin has gained significantly on its price charts.
With Bitcoin surging to a new ATH of $76k, LINK followed suit, with the BTC/LINK exchange rate climbing too. The conversion rate for BTC/LINK fell by 0.46% in the last hour and shrunk by 4.61% in the last 24 hours alone. In light of LINK’s rising strength against other altcoins and Bitcoin, the question is this – What’s driving this trend?, a hike in whale activities and large holders’ accumulation have played a major role in LINK’s recent rallies. Thus, the main driver behind the altcoin’s recent momentum is an uptick in whale activity.According to Santiment’s data, large holders with balances between 100k and 10 million LINK tokens have increased their holdings. These whales accumulated an additional $369.
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