Chainlink (LINK) whales are making waves in the crypto market, scooping up 9 million tokens as the price skyrockets 60-70%. Is this the start of a major rally? Let’s dive into the data and uncover what’s driving this frenzy.
Chainlink Whales Go on a Buying Spree
On-chain data reveals that large investors have added 8-9 million LINK in the past month, including 1.6 million in just two weeks. Key trends:
- Large transactions ($1M-$10M) surged 1,400%.
- Mid-sized transfers ($100K-$1M) rose 463%.
This suggests whales are moving tokens off exchanges for long-term holdings, signaling strong confidence in LINK’s future.
LINK Price Rally: Can It Hit $23?
LINK’s price has climbed to $19.4, up 60-70% since late June. Analysts predict:
| Scenario | Price Target |
|---|---|
| Bullish Continuation | $20-$23 |
| Short-Term Correction | Potential pullback (RSI at 82) |
While the rally is impressive, the overbought RSI warns of possible volatility ahead.
PEPE Coin Stabilizes After Sharp Drop
Meanwhile, PEPE has settled into a tight range of $0.0000124-$0.0000127 after a 10% drop on July 23. Key metrics:
- Daily trading volume: $750M-$2.3B
- Next resistance: $0.000015-$0.000016
- Support level: $0.000011
Traders await a clear breakout or breakdown for directional cues.
Cold Wallet: A New Crypto Contender?
Cold Wallet is gaining attention with its unique reward model for on-chain activity. Highlights:
- Presale Stage 15: $0.00924 per CWT token
- Projected launch price: $0.35171
- Potential post-launch target: $2
Early adopters can earn referral bonuses and immediate cashback rewards, making it a functional ecosystem from day one.
Conclusion: A Dynamic Crypto Landscape
The crypto market is buzzing with strategic moves—Chainlink whales accumulating, PEPE consolidating, and Cold Wallet innovating. Projects with real utility and strong growth potential are leading the charge. Stay tuned for the next big wave!
FAQs
Q: Why are Chainlink whales buying so many tokens?
A: Large investors likely see long-term value in LINK’s oracle network, driving accumulation.
Q: Is LINK overbought at current levels?
A: The RSI of 82 suggests short-term overbought conditions, but the trend remains strong.
Q: What’s next for PEPE coin?
A: PEPE needs to break $0.000016 for a bullish resumption or risk testing $0.000011 support.
Q: How does Cold Wallet’s reward system work?
A: Users earn CWT tokens for swaps, bridges, and transactions, creating a self-sustaining ecosystem.
