Accumulate

2024

Umami Finance

Chainlink

Avalanche

<ul> 
 <li><strong>Whale investors have withdrawn 6.71 million LINK from Binance, signaling continued accumulation.</strong></li> 
 <li><strong>Umami Finance integrates Chainlink Data Streams to enhance liquidity provider experience on Avalanche.</strong></li> 
</ul>  
<p>Though it is currently declining, investors view the crypto market differently, not always negatively. Some actually find it by chance.</p> 
<p>The on-chain smart money platform Lookonchain has underlined in a recent <a href="https://x.com/lookonchain/status/1809927915100156068">tweet</a> the most recent actions by multiple whale investors, or institutions, to accumulate significant <a href="https://www.crypto-news-flash.com/chainlink-collaborates-with-sygnum-and-fidelity-to-revolutionize-nav-data/">Chainlink</a> (LINK) tokens. From the crypto exchange Binance, 90 wallets in all have withdrew around 6.71 million LINK, worth $86.72 million.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Whales/institutions continue to accumulate <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>!</p> 
 <p>A total of 90 fresh wallets withdrew ~6.72 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>(86.7M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> recently!<a href="https://t.co/W6JaoFM1zS">https://t.co/W6JaoFM1zS</a><a href="https://t.co/6Scx8SLtNl">https://t.co/6Scx8SLtNl</a> <a href="https://t.co/m2eqwKvnYE">pic.twitter.com/m2eqwKvnYE</a></p> 
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1809927915100156068?ref_src=twsrc%5Etfw">July 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-not-the-first-major-link-purchase-in-july-strong"><strong>Not the First Major LINK Purchase in July</strong></h2> 
<p>This current massive <a href="https://www.crypto-news-flash.com/chainlink-ccip-integrates-with-drift-labs-for-token-accessibility/">LINK</a> buildup is not a one-off occurrence. Whale investors made major purchases earlier in the month, on July 2nd. About 54 wallets obtained 2.07 million LINK tokens at that time, worth $30.27 million.</p> 
<p>Meanwhile, data from CoinMarketCap shows LINK’s price at the time of writing is <strong>$12.63</strong>, having decreased <strong><span style="color: #ff0000;">1.83%</span></strong> over the last 24 hours. With a total loss of <span style="color: #ff0000;"><strong>9.54%</strong></span>, this fall shows a bearish tendency over the past seven days.</p> 
<div class="cryptoboxes" id="mcw-435411" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="chainlink" data-symbol="LINK" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Previously, CNF also reported how <a href="https://www.crypto-news-flash.com/chainlink-data-streams-integrated-by-umami-finance-for-better-lps/">Umami Finance</a> used Chainlink Data Streams to improve the Avalanche network liquidity provider experience. This action is expected to provide the given data to liquidity providers better dependability and efficiency.</p> 
<p>Though the crypto market has a downward tendency, the build-up of LINK by whale investors points to a long-term positive future for the currency. Moreover, the way <a href="https://www.crypto-news-flash.com/chainlink-ccip-integration-powers-cross-chain-carat-transfers-for-alaska-gold-rush-on-bnb-chain-and-polygon/">Chainlink’s</a> technology is integrated into other platforms shows its increasing relevance and future expansion possibilities.</p> 
<p>Although the short-term market conditions seem difficult, the strategic actions taken by institutional investors and continuous technical integrations show Chainlink’s bright future. Let’s see.</p>

Whales Continue to Accumulate LINK Despite Market Downturn

Table of Contents

Crypto News Flash

Other articles published on Jul 8, 2024

Best Airdrops for Quick Gains

Bitcoin News: Germany Still Possesses $2.2 Billion in Bitcoin

Hamster Kombat HMSTR Now Ready for Bybit Pre-Market Trading

Investors Are Flocking Away From Fantom and First Digital USD To The Best Crypto Presale, the Moo...

US House Likely to Overturn Biden’s SAB 121 Veto, Key Events This Week

Tether CEO states AI should be implemented locally to Enrich Security and privacy

Join our free newsletter for daily crypto updates!