Chainlink whales took the broader crypto market by storm on Wednesday, embarking on a massive buying spree. Recent on-chain data flagged that nearly 1.5 million tokens
Cryptocurrency prices surged on Wednesday, with Chainlink attracting particular attention. Santiment highlighted that nearly 1.5 million tokens were purchased by whales over the past 24 hours.
The massive buying occurred amid the token’s movement between $19 and $20.5, according to crypto analyst Ali Martinez. He noted that the price level is being closely watched to potentially form a crucial support zone.
Rising whale accumulations typically indicate increasing market interest in Chainlink. Furthermore, optimism is supported by a recent ecosystem development the CCIP v1.5 upgrade, which went live on mainnet.
The upgrade empowers developers to easily move their tokens cross-chain and deploy Cross-Chain Tokens (CCTs) across over 20 blockchains.
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