Chainlink Tests Critical Support as Whales Accumulate 20 Million LINK
Chainlink’s price action tells a story of resilience within weakness, with LINK trading at $12.12 after a devastating 52.32% drop from its yearly peak. The token shed 39.87% over three months and 6.52% in the past week alone, yet whale wallets accumulated 20 million LINK during this decline – a contrarian signal that institutional players see value at these depressed levels. The main question for traders is: will technical support at current levels hold as fundamental developments around tokenization partnerships with Swift and Ondo Finance gain traction?