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International Business Times
International Business Times
Business
Marvie Basilan

$LINK: The Latest Craze Among Crypto Whales

Link Crypto Chainlink Lookonchain Binance CoinMarketCap Ethereum
Chainlink has been in the crypto space for seven years, and its native token once traded above $50. (Credit: Chainlink Twitter Video/Screenshot)

KEY POINTS

  • $LINK is trading at around $12, significantly down from $51 in May 2021
  • An observer said whales may be buying the dip that small holders are afraid of
  • Some crypto users believe the token is 'undervalued' and 'underrated'

Cryptocurrency whales, individuals or institutions who hold the largest number of digital assets, are one of the key drivers of engagement in the crypto space. Whether they make massive purchases or sell their long-held assets, their activities always grab the attention of the crypto world, and recently, it appears many whales are attracted to Chainlink ($LINK).

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