Whales and Institutional Buyers Have Their Eyes on This Altcoin: There Are Interesting Details!

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Oracle service provider Chainlink (LINK) has made a name for itself with the rise it has recorded in recent months. LINK price entered a stagnant period after reaching $8.13 on October 1, seeing some downward price movement.

At the time of writing, Chainlink price is trading at $7.60 with an increase of 3.52% and its market value is at $4.2 billion. However, despite the recent downward volatility, the price is still trading above the macro trend line. There is a possibility that LINK price will retest the macro trend line and then bounce back.

Chainlink Attracts the Interest of Whales and Institutional Buyers

Chainlink was still attracting interest from institutional investors on October 13, according to on-chain. Ali Martinez said there have been more than 20 million LINK transactions worth more than $50 million. explained.

Such large transactions often indicate an increase in speculation surrounding a cryptocurrency. However, it is important to remember that such increases in activity do not guarantee a sudden rise in the value of the asset.

The real-world asset (RWA) tokenization sector is also on the rise in the crypto space, and Chainlink’s native token (LINK) may be the “safest choice” for investors looking to capitalize on this trend, according to a report by research firm K33 Research.

“If we want exposure to the RWA narrative and avoid being pushed aside when it rises, LINK is the safest bet,” commented K33 analyst David Zimmerman. He emphasized that global banks and cryptocurrency platforms have already taken steps to leverage tokenization, and that Chainlink has proven itself as a crucial piece of infrastructure for connecting blockchains to the real world through its Oracle network and extensive partnerships. “It may not be the biggest winner, but there are few projects better positioned to benefit from this narrative,” he added.


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