Posted 12/27/2023, 4:00:00 PM
Whales Accumulating Chainlink and Maker Tokens, Could Signal Renewed Interest
- Data shows whales accumulating Chainlink (LINK) and Maker (MKR) over past month
- Large wallet withdrew over $5 million worth of LINK from Binance over 9 days
- Fresh wallet withdrew $4.6 million worth of MKR tokens from Binance
- LINK price consolidated last month despite altcoin rally; whale interest could spark new rally
- Negative net flows for MKR suggests decreasing supply on exchanges and less selling pressure