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
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-02-05 11:18