Chainlink Whale moves $79.7m LINK in 11 minutes
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In the first transaction, the whale moved 3.9m LINK. A few moments later, the wallet moved a second batch of 4m LINK, followed by another 3.5m LINK a minute later.
According to Santiment, the whale’s activities resulted in Chainlink’s biggest on-chain transaction spike since Dec. 9, 2022. The on-chain data provider also stated that the total value of the three transactions put them in the top five crypto transactions of the year so far.
LINK drops 7%
When the transactions were taking place, Chainlink had started a new slump over the last 24 hours, with its price dropping 7% to go as low as $6.7.
The downturn meant LINK dropped below its $7 support level and reached its lowest price since Valentine’s Day.source
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