Over the past 30 days, there has been a notable increase in interest from both whales and investors toward Link, leading to a significant accumulation of this cryptocurrency. As a result, the price of Link has experienced substantial movements during this period.
Data from Intotheblock shows that in the last 30 days, large volumes were observed when the price was around $5.97, with a total volume of around 43.03 million $LINK. Additionally, $256.79 million in total volume was generated with 131 large transactions on June 28, 2023, and around 527 large transactions were observed when the price was around $7.66.
According to data from Santiment and an on-chain analytics firm, Chainlink whales have accumulated approximately 11 million $LINK in the last month, worth around $77 million. And also observed and tweeted by an individual named @ali on Twitter.
Currently, Link is trading around $8.088, and it is above the 200MA. In the last 30 days, it has experienced a movement of more than 30%, indicating that investors and whales are showing interest in Link. By observing the chart of Link, it is evident that on the weekly time frame, it is consolidating in a tight range between $4.986 and $8.756, forming a structure of a channel pattern. It has also been noticed that $8.756 is a level from which it always experiences a reversal and tends to move downward.
According to the data from Intotheblock, it is observed that currently, 294.7k addresses are in profits, which accounts for about 45.29% of total Chainlink holdings. On the other hand, 323.3k addresses are facing losses, making up approximately 49.73% of total Chainlink holdings. Meanwhile, 32.38k addresses are at breakeven, representing almost 4.98% of total Chainlink holdings.
On June 7, 2023, SWIFT and Chainlink collaborated with financial institutions to explore blockchain integration. The partnership aimed to test seamless tokenized asset transfer across different blockchains using SWIFT’s infrastructure.