An unknown institution has been on a buying spree, accumulating over $216 million worth of Chainlink (LINK) in just two weeks.
According to blockchain tracking firm Lookonchain, dozens of wallets linked to the institution have withdrawn massive amounts of LINK from crypto exchange Binance.
LINK’s Bullish Run
LINK has been on a tear in February, rising over 30% to its current price of $20.22. Crypto analyst Altcoin Sherpa believes the breakout from a $12-$16 range signals long-term growth for LINK.
Analyst’s Optimism
“LINK looks strong on the long-term charts,” Sherpa said. “I expect it to continue climbing in the future, but I’m not as enthusiastic about short-term trades due to low volatility.”
Disclaimer: The information provided in this article is for informational purposes only and should not be considered investment advice.
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