Chainlink inches closer to $8 as whales scoop up funds over weekend
October seemed to be ending on a good note for the crypto market. Several assets were seen pocketing major gains over the weekend. While Dogecoin’s [DOGE] rally was ticked off by Elon Musk’s Twitter takeover, all the other assets followed suit. Chainlink [LINK] was one among them. It seemed like LINK’s latest rally was influenced by the movement of significant funds over the weekend. As per recent data curated by on-chain data firm Santiment, Chainlink’s whale transactions recorded a prominent surge. This metric went on to hit a 4-month high. Source Santiment tweeted, “Chain LINK whales have gotten quite active this weekend as market prices have teased the $8 level a few times. Saturday saw 33 different $ LINK transactions exceeding a value of $1 million. This was the highest whale activity day since June 27th.” Ever since then the altcoin went on to inch close to $8 multiple times. LINK surged to a high of $7.99. However, failed to hit...