Chainlink: Why whales cannot save LINK from bears

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LINK’s whale accumulation reached new highs over the last few days. However, market indicators are favoring the bears.

However, the increase in accumulation was not enough for LINK to maintain its uptrend, as its daily chart again turned red. Additionally, the token’s transaction count and network growth have also plummeted over the last few days.Chainlink’s price witnessed an uptick on 26 and 27 July, which might have sparked excitement in the community. As a result of the uptrend, LINK whales increased their accumulation.

As per Santiment’s tweet, whale and shark addresses holding 10 thousand – 10 million LINK reached a seven-month high. Additionally,

 

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