Analyzing whether Chainlink is in trouble with the ‘Whale in the Pool’
Whale traders are a commonality with several digital assets, but for Chainlink, it has been like second nature from the very beginning. Over the past couple of years, the digital asset has projected the presence of strong whale addresses. It is understandable then that concerns associated with their activity are never out of the question.
At press time, another such situation seemed to be unfolding in the ecosystem. Ergo, it is time to take it up and analyze its potential implications.
Chainlink‘s performance in 2021 has not been as explosive as 2020, with the asset dropping out of the top-10. However, it has continued to consolidate higher on the charts. Furthermore, at the moment, on-chain activity might be seeing some major movement.
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