Chainlink (LINK) saw an increase in whale activity as its price rose over the last two days, with whale and shark addresses holding 10,000 to 10 million LINK reaching a seven-month high. However, despite the increase in accumulation, LINK's daily chart turned red and its transaction count and network growth plummeted. LINK was also down by over 1.23% in the last 24 hours, trading at $7.85 with a market capitalization of over $4.2 billion. While its funding rate was green, most indicators on Chainlink's daily chart supported the sellers, indicating increased chances of a downtrend.
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Chainlink Whales Increase Accumulation, but On-Chain Metrics Turn Bearish
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