Chainlink Witnesses Highest Whale Activity Since 2023, Price Reversal Coming?
On-chain data shows the Whale Transaction Count has shot up for Chainlink recently, a sign that more volatility could be coming for the asset’s price. Chainlink Whale Transaction Count Is Now At Its Highest Since 2023 In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Whale Transaction Count for Chainlink. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of LINK transfers that are valued at more than $100,000. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze,....
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Chainlink, the blockchain oracle service provider, continues to keep impressive weekly gains. The token soared with the entire crypto market, bagging over 14% gains. The last week of October has been favorable for the entire crypto market. Just a few days back, the entire crypto market cap crossed the $1 trillion mark. This bullish move acted as a catalyst for most tokens to register substantial gains, including Chainlink. However, the daily chart has been bearish for most coins. Top coins like Bitcoin and Ethereum are facing measurable losses on the day. However, Chainlink has stood out....
Chainlink price movement this weekend was interesting as the market saw it rise unexpectedly. The crypto recorded increasing whale and shark activities leading to a spike. The oracle service provider witnessed token additions worth over $313 million on whale and shark LINK addresses. The price movement of many cryptos has been uncertain, given the volatility in the market. While many have recorded a steady climb, others have continued downward with little rallies. Related Reading: Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive Before this new record, LINK price....
Amid the turbulent crypto bear market, Chainlink whales are continuing to show their hand by refusing to back down. This has led to a rapid rise in not only the holdings of these Chainlink whales but the number of whale addresses associated with the altcoin as well. Chainlink Whale Addresses Rise By 6% In a […]
While the broader crypto market is currently trying to recover from the shock surrounding FTX and the accompanying fears of a contagion effect, Chainlink has recorded the highest price increase within the top-100 by market cap within the last 24 hours. At press time, the LINK price was up 6.2% from the previous day, trading at $8.71. Over the past seven days, Chainlink has even posting a whopping plus of around 13%. Trading volume has grown to $1.435 billion in the last 24 hours, up 161% from the previous day. Related Reading: Will Binance Oracle Hamper Chainlink Growth Amid The Bullish....
Over the last week, Ethereum (ETH) has seen its price take a slight hit following the general market crash due to reports of a massive Bitcoin sell-off. According to data from CoinMarketCap, ETH is down by 5.01% in the last seven days, bringing its total price loss in the previous month to 10.80%. Albeit, despite Ethereum’s negative performance, the on-chain analytics platform, Santiment, has noted some positive developments in terms of whale activity. Related Reading: Here’s Why This Crypto Expert Believes Ethereum Is The ‘Biggest Block’ Against Bitcoin Adoption Ethereum....