Giant whales have increased their holdings of LINK tokens by approximately $121 million in the past month
Data tracking platform IntoTheBlock has revealed that LINK whales have been accumulating a large amount of LINK tokens in the past month. These addresses have increased their holdings by 16,195,796 LINK tokens, worth approximately $121 million.
In the Past Week, 9 Projects Including Arkham Integrated Chainlink Services
Chainlink has released a new update on X platform in the past week, integrating 5 Chainlink services into 9 projects on 7 chains including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, and Polygon. These projects are Archly, Arkham, Bullion Labs, Cobo, Hotpot, The Junkyard, StaFi Protocol, Thales, and Xena Finance.
Wallet addresses holding 100,000 to 10 million LINK increased by 6% in one month
Data released by Santiment shows that wallet addresses holding between 100,000 and 10 million LINK increased by 6% in the past month. Compared to September 18th, the number of addresses within this range increased by 6%. The trading price of Chainlink is hovering around $7.31 and has seen a greater increase in the past 12 hours compared to most other altcoins.
K33 Research: LINK token is the “safest option” to profit from the RWA tokenization trend
K33 Research on Wednesday, the tokenization of real-world assets (RWA) is emerging in the cryptocurrency field, and for investors seeking profits from speculation, Chainlink's native token (LINK) may be the "safest choice." Analysts recommend that investors wait for lower prices to buy and point out that the long-term support level around $5.70 can be a good buying opportunity.
Data shows that LINK recently traded at $7.30, far below its historical high of $53, but has risen 32% this year.
Chainlink (LINK) On-Chain Activity Surges Amid Price Rise and Cross-Chain Interoperability Testing Reports
Chainlink (LINK) traders have seen a surge in on-chain activity since September 18, 2023, coinciding with a significant price increase. The price surge began when reports of a major bank partnering with Chainlink for testing cross-chain interoperability of an Australian dollar stablecoin were released.
Chainlink (LINK) and Three Low-Cap Altcoins Could Witness More Rallies Amid Strong Network Activity: Santiment
According to analytics firm Santiment, Chainlink and three other altcoins may experience further price surges due to bullish on-chain data readings. Santiment notes that Chainlink's decentralized oracle network has seen a rally due to increased unique address activity, with the highest level in two months recorded at 3,964 addresses. The firm also suggests that if market participants remain indifferent to Chainlink's performance, it may witness more rallies. Additionally, Santiment is keeping a close eye on Loom Network, Frontier, and ImmutableX, which have all outperformed the broader crypto markets due to increased adoption.
Crypto Strategist Outlines Future of XRP, Chainlink, and Low-Cap Altcoin
Crypto strategist Michaël van de Poppe has shared his predictions for XRP, Chainlink (LINK), and Worldcoin (WLD). Van de Poppe is waiting for XRP to show signs of strength and is looking for a breakout above $0.54, which could lead to a rally above $0.70. He believes that LINK is likely to continue its bullish trend and could soar as high as $8.59, with potential entry points at $6.15-6.40. As for WLD, Van de Poppe sees opportunities for short-lived rallies and suggests entry points at $1.35 or $1.11.
Chainlink's On-Chain Activity Increases as Wallets Move $119 Million in LINK Tokens to Binance and Multi-Signature Wallet
Chainlink (LINK), an Oracle service provider, has seen a 5.36% increase in the last 24 hours and is currently trading at $6.56 with a market cap of $3.6 billion. Over the past week, there has been a significant increase in on-chain activity for Chainlink. Four Chainlink wallets have transferred a total of 18.75 million LINK tokens, worth $119 million, across different platforms, with 15.7 million LINK tokens being moved to Binance.
Chainlink Transfers 10 Million LINK to Binance
According to The Data Nerd, Chainlink has transferred 10 million LINK tokens worth $62.4 million to Binance.
Chainlink (LINK) Accumulates $10 Million Worth of Tokens in Three Days, Investors Eye $10 Price Level
Chainlink (LINK) has been making significant gains as on-chain data shows that shark and whale addresses have accumulated $10 million worth of LINK in just three days. The shark tier of Chainlink holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating, with the highest count since December 2022.
