Santiment, a prominent cryptocurrency analysis firm, highlighted intriguing patterns among crypto whales in its recent update.
Per Santiment analysts, Chainlink (LINK) stands out as a leader in the resurgence of altcoins. Notably, significant whales continue to amass LINK tokens, with the top 200 wallets on the Chainlink network adding 50 million LINK to their holdings over the past five weeks.
The accumulation of 50 million LINK equates to approximately $800 million at the time of writing this article. Currently, the total market capitalization of Chainlink sits at around $9 billion.
Furthermore, the analysts underscored that over the last five months, the market value of Chainlink surged by 143%, while Bitcoin experienced a 93% increase during the same period.
The LINK price witnessed a remarkable ascent, especially noticeable from the latter half of October when whale accumulation began, as depicted in the annual chart illustrating the rise in LINK’s value as of October.
Today, Bitcoin demonstrated an impressive rally, soaring to $39,700, while the LINK price surged by approximately 8% in the last 24 hours, coinciding with the period of accumulation by whales.
