Chainlink large volume transactions surged by 45%, with whales transferring 4.44 million LINK within 24 hours.

On June 8, The Coin Republic reported that decentralized oracle protocol Chainlink (LINK) has seen a 45% surge in large transaction volume in the past 24 hours. According to IntoTheBlock, large Chainlink investors transferred 4.44 million LINK, worth more than $60 million, during this period, indicating that market price movements triggered active trading. In the past seven days, LINK trading volume reached a high of 4.46 million and a low of 2.21 million. Analysts believe that this whale activity may stem from strategic repositioning, accumulation or profit-taking. The current LINK price is $13.94, up 2.69% in 24 hours, with a slight pullback after bouncing off the $13.44 low to the $14.08 high. Despite a 51.09% drop in trading volume to $249.37 million, LINK maintained a bullish trend.

LINK-0,47%
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