Chainlink [LINK]: With an update set to hit this chain, here is what you should know - Aliens: AI Crypto News & Markets Updates
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Chainlink [LINK]: With an update set to hit this chain, here is what you should know

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AMB Crypto

Wed, Jun 08, 2022

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Aliens TLDR

For context, following a dump of LINK tokens by whales on 30 March, they commenced accumulation again after the prices of the LINK tokens started to go down in early May. At the time of press, the whales held over 25% of the supply of LINK tokens for the first time since November.

Exchanging hands at $8.53 at the time of press, the LINK token ranked high amongst the cryptocurrencies with the most gains in the last 24 hours on the list of top 20 cryptocurrencies.

The position of the Relative Strength Index (RSI) and Money Flow Index (MFI) at the time of press showed increased money inflow into the purchase of the LINK tokens in the past 24 hours.

Also, at the time of writing, the exchange flow balance for the LINK token marked a spot at negative 23.8k at press time.

What this showed was that more LINK tokens were leaving exchanges than were coming in at press time.

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