For the past four months, the whales have been actively buying altcoins. In early September, after the collapse of the crypto market, investors acquired Chainlink for $ 1.45 billion
Large holders continue to accumulate Chainlink, according to analyst firm Santiment. According to analysts, addresses that store from 100 thousand to 10 million of Chainlink, for the first time in history, have accumulated 25% of the total altcoin supply.
Chainlink is trading at $ 29.1 on October 21st. Over the month, altcoin has risen in price by 37%, and its capitalization has increased to $ 13.4 billion, according to CoinGecko.
Over the past few months, the "whales" have been actively accumulating Chainlink. For example, over the past four months, large holders have increased their investments in altcoins by 15%. And after the collapse of the crypto market in early September, the whales bought Chainlink for $ 1.45 billion.
On September 7, the price of bitcoin dropped sharply by 16%. As a result of the collapse of the main cryptocurrency rate, there were massive liquidations of traders' positions in the amount of more than $ 3.5 billion.
Chainlink is the first network of decentralized oracles between blockchains and smart contracts, and among its partners is the Swift payment system. Also, the coin is in the portfolio of the Grayscale investment fund.