So, picture this: a massive whale sell-off, and no, I’m not talking about the kind you see at SeaWorld. We’re talking over 4 million LINK splashing into the market like it’s a pool party gone wrong, sending the price plummeting to a mere $19. 🏊♀️💸
Our crypto oracle, Ali Martinez, took to X (because who needs Twitter anymore?) to share this shocking revelation. Apparently, those big fish—sorry, I mean whales—who hoard between 1 million and 10 million Chainlink (LINK) decided to have a little spring cleaning starting February 2, 2025. Who knew whales were such neat freaks? 🐳✨
Whales have offloaded 4.13 million #Chainlink $LINK in the last 48 hours!
— Ali (@ali_charts) February 5, 2025
Now, thanks to this aquatic exodus, LINK’s price has taken a nosedive from over $21 to around $19. It’s like watching your favorite reality show get canceled—utterly tragic! And just when you thought it couldn’t get worse, remember that similar whale drama happened in late January, where the price dropped from about $26 to $22. Talk about a rollercoaster ride! 🎢
But wait, there’s more! No major scandals or bad news about Chainlink have surfaced, so this sell-off is likely just whales cashing in on their profits. After all, LINK was strutting its stuff above $25, according to CoinGecko. And let’s not forget the broader crypto market is feeling a bit jittery thanks to President Trump’s new tariffs on imports from Mexico, Canada, and China. It’s like a game of Jenga, and everyone’s pulling out the risky blocks! 🏗️😱
On the technical side of things, our crypto sage, Nebraskangooner, shared his wisdom with 375K followers on X. He warned that LINK is currently in a consolidation phase, which sounds fancy but really just means it’s stuck in a rut. If it breaks below key support, we could be looking at a price drop to $12.00. Yikes! But if it breaks above resistance, we might just see some new local highs. “I’d rather wait for a consolidation break than get lost in the chop inside,” he quipped. Wise words, my friend! 🧙♂️📉
$LINK (per request)
Pretty straight forward consolidation when zoomed out.
Break down from this support would likely see $12.00 or lower.
Break above and new local highs.
Would rather wait for a consolidation break than get lost in the chop inside
— Nebraskangooner (@Nebraskangooner) February 4, 2025
Read More
- Hrithik Roshan’s ex-wife Sussanne Khan shares beautiful birthday wish with pic ft actor’s GF Saba Azad: ‘The best of your talent…’
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- ’28 Days Later’ Gets Official Streaming Date From Sony
- Dexter: Original Sin Made Me Holler At My TV When That Killer Easter Egg Appeared, And The Creator Shared His Own Excitement
- Yami Gautam flaunts her ‘Monday morning happiness’ as she resumes shoot after son Vedavid’s birth; See PIC to find out 2nd reason for her smile
- Raj Babbar’s daughter Juhi Babbar shares at what age father told her about his second wife, Smita Patil; any guesses?
- Top gainers and losers
- ‘Violent Night 2’ Writers Discuss Who Could Star as Mrs. Claus
- Wolf Man” Director Declares “Invisible Man
2025-02-05 11:18