## Large Buyers Again Make Large-Scale Purchases of LINK, Spending $4.1 Million This Time

Cryptocurrency market monitoring agency Arkham latest data shows that a large on-chain holder has been continuously purchasing cryptocurrencies through a certain exchange over the past two days, accumulating a total of 410,183 Chainlink (LINK) tokens.

Just 17 minutes ago, this buyer bought 168,560 LINK in one go, with a transaction amount of $2.22 million. On the previous day, the same buyer had already purchased 241,623 LINK. Such an aggressive pace of cryptocurrency buying indicates strong confidence from large funds in LINK. As of now, this whale's LINK holdings have reached approximately $5.41 million.

It is worth noting that this wave of purchases forms an interesting contrast in timing. Just a week ago, on January 7th, this whale also carried out a large-scale clearing operation — transferring all 790,000 LINK (valued at $10.95 million at the time) to a certain exchange for processing. The rapid shift from completely exiting to re-entering with heavy positioning is astonishing.

In just a few days, from "escapee" to "buyer," this dramatic turn of events sufficiently demonstrates the quick recovery of market confidence. Currently, the trading price of LINK is $13.29, and this large holder continues to add to their position at this price level. Such behavior is often seen by market participants as a bullish signal for the project’s prospects.

The whale’s buying logic seems quite clear: after a short-term correction, they believe LINK has returned to a position suitable for large-scale deployment. This ongoing accumulation from big funds could serve as an important reference for the upcoming market rebound.