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Altcoin Whales Started Buying When the Price Dropped, They Collected 3.58 Million - Coin Bulletin
In the second half of December, there was a pullback in the general crypto market, as well as in the price of Chainlink (LINK).
However, according to the data shared by Santiment, active whales with holdings between 1 million and 10 million LINK saw this decline as an opportunity. It was reported that 3.58 million LINK (approximately $76.9 million) was accumulated in the last 3 days.
Critical Whale Movements
This movement of Chainlink whales demonstrates their strategy of increasing their positions by taking advantage of market downturns. In particular, the fact that large wallet holders are making such purchases can be seen as a signal of potential recovery in the crypto market. Please provide text to be translated from Turkish to English.
Stagnant Tokens are Moving
Please provide the text to be translated. In Santiment's analysis, it is emphasized that the "Age Consumed" metric peaked in two significant LINK declines. This metric indicates that tokens that were previously inactive for a long time are now trading in the market. This suggests that old tokens are moving again and that whales may have bought from these declines.
The Effects of Whale's Buying and Selling on the Market
The aggressive purchases of these large whales are generally seen as a long-term confidence indicator in the market. The 3.58 million LINK accumulated by Chainlink whales in the downturn may have a positive impact on the price and attract investor interest.