According to crypto analytics firm Santiment, large wallets have been buying up Chainlink's native asset (LINK). In the past week, addresses holding between 100,000 and 1 million LINK have accumulated $38.5 million worth of the crypto asset. This is seen as more significant than small retail traders taking profits. Other analysts, including Michaël van de Poppe and Altcoin Sherpa, believe that Chainlink is starting a new uptrend and predict that the asset will eventually "fly". LINK is currently trading at $7.42 and has increased by over 20% in the past 30 days.
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Large Chainlink Holders Accumulate $38.5 Million in One Week While Retail Traders Take Profit: Santiment
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