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Chainlink Consolidates Near $13 After Whales Add 85M Tokens

  • Whales have quietly added 85 million LINK tokens to their holdings, pushing exchange reserves down by 40% since early 2024.
  • Retail activity remains flat, keeping Chainlink's price steady around $13, despite strong accumulation and on-chain indicators pointing to institutional interest.
  • Chainlink's price is currently around $13.38, with whale activity intensifying in the $12 to $15 price range.
  • The future breakout of Chainlink hinges on either an increase in retail engagement or a slowdown in whale accumulation, as the cryptocurrency remains caught between strong accumulation and weak market participation.

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