Chainlink surges 24% on dormant whale activity, sparking renewed market interest.
Technicals signal LINK’s potential breakout towards $25–30.
The cryptocurrency market has witnessed a significant surge in Chainlink (LINK) prices, with a notable 24% increase this week and reaching a two-year high currently at $19.6. This surge is fueled by a series of intriguing events, including a surge in dormant whale transactions, technical indicators pointing towards a bullish trend, and increased trading volume.
Notably, according to the data from Lookonchain, hours ago, four newly activated wallets collectively withdrew 119,583 LINK tokens, equivalent to approximately $2.15 million, from Binance in the recent hours. This movement suggests a renewed interest from large holders in the Chainlink ecosystem, possibly indicating a shift in market sentiment.
Moreover, Blockchain analytics platform Santiment has recently highlighted a crucial metric for Chainlink – the “Age Consumed” metric.
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