Chainlink (LINK) has seen significant whale activity as 734,000 tokens, valued at $9 million, were withdrawn from exchanges in a single day. This movement has reduced the exchange supply to its lowest level since 2020. Meanwhile, the GLNK ETF is nearing $74.25 million in assets, indicating growing institutional interest. LINK is currently trading near the bottom of its long-term channel, with $46 identified as a potential rebound level. The recent surge in trading volume underscores the strong activity among large holders, suggesting a strategic accumulation phase.
Chainlink Whales Withdraw 734,000 LINK Worth $9M, ETF Assets Approach $74.25M
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