Future

2024

Million

Read

Chainlink

<ul>
 <li>Chainlink’s large transaction volume surged by 175.28% to $338.96 million, suggesting significant whale activity.</li>
 <li>Mysterious movements of millions of LINK tokens by large-scale investors were reported, with two notable transactions.</li>
 <li>CoinCodex predicts Chainlink’s price to rise by 3.57% to $18.89 by February 26, 2024, amidst Extreme Greed sentiment.</li>
</ul>
<p>Chainlink (LINK) has observed a significant surge in large transaction volume, indicating heightened activity among whales. These transactions, exceeding $100,000 in value, have spiked by 175% in the past 24 hours, totaling a substantial $338.96 million in crypto terms.</p>
<p>Comparing recent data highlights the magnitude of this surge. On February 19, the volume stood at 6.17 million LINK, skyrocketing to 17.65 million LINK by February 20. Such spikes often signal increased engagement from institutional players, suggesting significant market movements.</p>
<p>Over the past day, several large-scale investors have made notable movements of LINK tokens, with Whale Alert reporting two such transactions. An unknown whale wallet transferred 4,314,062 LINK, valued at $79,065,694, to another undisclosed wallet. Additionally, BlockFi shifted 2,402,942 LINK, worth $46,491,692, to another unknown wallet.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4,314,062 <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LINK</a> (79,065,694 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/8RdxhMBqXG" rel="noopener noreferrer nofollow">https://t.co/8RdxhMBqXG</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1760245812930498948?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Despite these intriguing developments, Chainlink’s market performance has seen a 5.40% decline over the past 24 hours, with its current price at $18.33, aligning with broader market trends.</p>
<p>Looking ahead, CoinCodex’s Chainlink price prediction suggests a potential 3.57% increase, targeting $18.89 by February 26, 2024. Technical indicators indicate a neutral sentiment, while the Fear &amp; Greed Index reflects extreme greed with a score of 78. Over the past month, Chainlink has experienced 17 green days out of 30, with a 13.13% price volatility.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/chainlink-surges-with-over-400-spike-in-whale-transactions/" rel="noopener noreferrer nofollow">Chainlink Surges with Over 400% Spike in Whale Transactions</a></li>
 <li><a href="https://cryptonewsland.com/chainlink-link-price-analysis-aug-week-4-to-sept-week-2/" rel="noopener noreferrer nofollow">ChainLink (LINK) Price Analysis Aug Week 4 to Sept Week 2</a></li>
 <li><a href="https://cryptonewsland.com/when-market-trends-favor-chainlink-predicting-its-next-big-move-towards-18/" rel="noopener noreferrer nofollow">When Market Trends Favor Chainlink: Predicting Its Next Big Move Towards $18</a></li>
 <li><a href="https://cryptonewsland.com/chainlinks-meteoric-40-surge-unveils-next-gen-staking-innovations/" rel="noopener noreferrer nofollow">Chainlink’s Meteoric 40% Surge Unveils Next-Gen Staking Innovations</a></li>
 <li><a href="https://cryptonewsland.com/what-the-2-1-million-liquidation-in-chainlink-means-for-links-future/" rel="noopener noreferrer nofollow">What the $2.1 Million Liquidation in Chainlink Means for LINK’s Future</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/chainlinks-338m-transaction-spike-sparks-price-surge-speculation/" rel="noopener noreferrer nofollow">Chainlink’s $338M Transaction Spike Sparks Price Surge Speculation</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Chainlink’s $338M Transaction Spike Sparks Price Surge Speculation

Crypto News Land

Other articles published on Feb 21, 2024

Understanding Chart Patterns: A Guide to Technical Analysis with ChainGPT AI Trading Assistant

MetaMask hits over 30 Million active users – What’s all the fuss about?

Introducing DELTAFi, WEMIX․Fi’s new dApp service

Aether Games IDO Specially for ChainGPT Pad's Diamond Tier: Led by Industry Titans to Forge the F...

Franklin Templeton leads investment in Blockchain media firm Blockhead

Fetch.ai and Worldcoin Price Prediction: AI Coins Present Retest Entry For Wild Returns

Join our free newsletter for daily crypto updates!