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Chainlink token fell to $27, marking a 13% decline from its highest level this year and bringing its market cap to over $17 billion.
The retreat mirrored losses seen across other popular cryptocurrencies. Bitcoin (BTC) dropped to $105,000 from its weekly high of $108,000. Similarly, Ethereum, Ripple, and Solana were down by over 3%.
Still, one whale continued to accumulate LINK tokens, betting on a potential recovery. According to LookOnChain, the whale withdrew 65,000 LINK tokens worth $1.8 million on December 18. This followed a trend that began four days earlier, bringing the whale’s total accumulation to over $17.3 million.
The accumulation came shortly after Donald Trump’s World Liberty Financial acquired LINK tokens worth over $2 million. The upcoming Decentralized Finance platform has selected Chainlink as its oracle provider. 2 replies
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