Chainlink (LINK) shows an increase in accumulation activity by large holders, according to an analysis published by CryptoQuant. The trend appears as the asset attempts to stay above 14 dollars after an extended decline.
On-chain metrics indicate that LINK outflows from Binance reached their highest level of the month, with a daily average of 3,150 tokens moving to external wallets. This pattern suggests accumulation by larger entities. The movement follows a 53% drop from the August peak, placing the asset in a relevant technical zone.
The report notes that similar activity has historically preceded periods of stabilization or early recovery, though it does not guarantee an immediate shift in trend. In parallel, Chainlink ranked as the third project with the highest development activity over the past thirty days.
Source: CryptoQuant
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