Whale Buys $2.55 Million of Chainlink, What’s Next?

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Amid ongoing bearish market sentiment, a whale seized the opportunity in Chainlink (LINK) and made a notable purchase. On October 23, 2024, the blockchain-based transaction tracker Lookonchain made a post on X (previously Twitter) that a crypto whale wallet address “0x9cE” had purchased a significant 222,677 LINK tokens worth $2.55 million.

Lookonchain further noted that the average purchase price of this significant LINK acquisition is $11.5. This notable purchase amid bearish market sentiment has attracted considerable attention from crypto enthusiasts and suggests a potential buying opportunity.

Address 0x9cE…55d0A has quietly accumulated 222.677K $LINK over the past two months, worth a cool $2.55 million. The cost? Just $11.5 per token!

Wallet address: 0x9cE496E69626E29377c85152ED40767f12c55d0Ahttps://t.co/xreI4p4q7K pic.twitter.com/IBC37IxrMr