Whales have quietly absorbed 85 million LINK, reducing exchange reserves by 40% since early 2024. Despite strong accumulation, retail inactivity has kept Chainlink’s price stagnant near $13. On-chain data reveals a growing divergence between institutional and retail interest.
- Whales have withdrawn ~100K LINK weekly from exchanges, reducing reserves by 40% since early 2024.
- Retail activity remains stagnant, with daily addresses (28K–32K) and transactions (~9K/day) showing no significant growth.
- Chainlink’s price hinges on either retail momentum or sustained whale demand to break $15 resistance.
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