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Whale Activity: Chainlink Whale Liquidates 540,000 Tokens Worth $11.43M

A significant Chainlink (LINK) whale, who had established their position two years ago, is suspected of liquidating approximately 540,000 LINK tokens valued at $11.43 million. https://twitter.com/ai_9684xtpa/status/1873731618432766401 Between November and December 2022, five wallets withdrew 540,000 LINK from Binance at an average acquisition cost of $7.54 per token. At that time, the total cost was around $7.55 million. If even one of these addresses sold the tokens at a deposit price of $20.39, the whale could have realized a profit of $6.93 million, representing a staggering return on investment (ROI) of 170%. Chainlink Among Top Crypto Projects for Development Activity  In December, Chainlink ranked third in development activity among top cryptocurrency projects. Development activity, measured through events on public GitHub repositories, highlights a project’s innovation and growth. Here’s the breakdown of the top projects by GitHub activity in December: 1. Internet […]

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Chainlink Unlocks $258M In LINK, Maintains Price Stability

Chainlink has unlocked another 11.25 million LINK tokens, valued at $258 million, from three noncirculating supply contracts within the past two hours. Of this, 10.625 million LINK ($243.5 million) was sent directly to Binance, while 625,000 LINK ($14.4 million) was transferred to a multi-signature wallet to distribute staking rewards to users. These transactions were carried out by the entity known as Chainlink Noncirculating Supply. This token unlock is part of Chainlink’s regular schedule of releasing tokens every three months since August 2022. To date, the project has unlocked a total of 157 million LINK, worth approximately $1.73 billion. Notably, 136.5 million LINK ($1.52 billion) from these unlocks have been deposited directly to Binance at an average price of $11.10. https://twitter.com/spotonchain/status/1870287606283649396?t=dE0Q_i-bUBDrwI-3K7oRig&s=19 Chainlink Price Holds Steady Despite the substantial token unlocks and centralized exchange (CEX) deposits, Chainlink’s price has shown resilience, remaining […]

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Whale Alert: Major Investor Acquires $9.63M In LINK While Another Cashes Out Big

A significant investor has entered the Chainlink ($LINK) market, making waves with a massive position. Wallet address 0x924...a2BB0 recently withdrew $9.63 million worth of LINK from Binance, with the purchase made at an average price of $24.68 per token just nine hours ago. This marks the first time the address has invested in LINK, and its total asset value now stands at an impressive $30.98 million. On the flip side, a long-time $LINK holder appears to be cashing out. A wallet believed to belong to an OG investor who started accumulating LINK seven years ago has shown activity suggesting a potential sell-off. This address initially acquired LINK at a rock-bottom cost of $0.3283, building up a substantial position of 9.81 million tokens between March 2018 and June 2019. From this stash, 520,000 LINK were moved to the current distribution address […]

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Chainlink’s Cross-Chain Interoperability Protocol Sees Record Growth And Integrations

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has experienced substantial growth in recent months, with key metrics reaching record highs in March.  The protocol has captured over $207,000 in fees and accepted 48,000 requests this month alone, marking significant milestones in its development.  https://twitter.com/WuBlockchain/status/1772090010906624174?t=3Zrqf7XbbZDVLDEA43aEwg&s=19 Currently, the CCIP's capture fee surpasses $470,000, with the cumulative number of requests exceeding 81,000, indicating strong demand and adoption within the blockchain ecosystem. Notably, Chainlink has expanded its reach through integrations with various blockchain networks, including Arbitrum, Avalanche (AVAX), Binance Smart Chain (BNBCHAIN), Ethereum, Fantom, Optimism, and Polygon.  https://twitter.com/chainlink/status/1772019888325828836?t=7_NVgHOGdQj-ctrQsoR3EA&s=19 This expansion includes partnerships with prominent projects such as Cakepiexyz, FungifyNFT, Micro3io, OpenOceanGlobal, slashtoken_io, StakeDAOHQ, swellnetworkio, thestandard_io, and UniLend_Finance, further enhancing the interoperability and functionality of the Chainlink ecosystem. Avalanche Partnership With Chainlink Leads Go Price Increase On Both Altcoins In a significant development, Avalanche (AVAX) and Chainlink […]

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Pyth Oracle Sees Steady Growth Across Solana And EVMs

In a recent analysis by DevRel at Duneanalytics, the utilization of the Pyth oracle has been steadily increasing since January 2022, signaling a robust adoption of its services.  Solana emerges as the primary platform for Pyth transactions, particularly during bullish market conditions. While transaction volumes peaked in December of the previous year and have since experienced a slight decline, the number of unique wallets engaging with Pyth has shown a notable and sustained increase.  This trend underscores growing user participation and interest in Pyth's capabilities. https://twitter.com/agaperste/status/1751705951797641604?t=uRbA2Q-waKQX0EmLXEcw5Q&s=19 Noteworthy is Pyth's expansion into the EVM (Ethereum Virtual Machine) ecosystem. Analysis reveals a steady uptick in Pyth transactions within EVMs, particularly on platforms like zkSync Era, Arbitrum, and Optimism. However, when comparing Pyth and Chainlink's adoption rates for price feeds on EVMs, Chainlink emerges as the dominant player. PYTH and Chainlink Leads Role […]

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Chainlink’s $LINK Token Witnesses Strong Inflows In Accumulation

The LINK token, affiliated with Chainlink, is kicking off the week on a positive note, demonstrating an impressive surge of more than 13% over the past seven days and an additional 8% today. According to insights shared by analyst Ali on X, Chainlink's whales have been notably active in the past week, collectively acquiring around 7 million $LINK, translating to a substantial value exceeding $105 million. https://twitter.com/ali_charts/status/1740064499615568313?t=KJ9JgFsk7xyAMk4PlKuSUQ&s=19 Massive Notable LINK Token Movement To Watch In parallel, data from Spotonchain highlights the return of a savvy trader with a $4.5 million profit, signaling renewed interest in accumulating $LINK. The trader strategically gathered 345,488 LINK (equivalent to $5.7 million) from Binance, securing an average price of $16.49 in the recent hours.  Notably, this trader had previously generated an estimated profit of $4.45 million by trading 641,386 LINK between July 20 and December […]

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LINK Experiences A Slight Price Downturn Following Significant Whale Sell-Off

The value of LINK has seen a minor drop, slipping below the $13 mark after a notable sell-off conducted by a whale investor just hours ago. According to Spotonchain reports, the whale, identified by the address 0x9ed, shed 155,264 $LINK, converting it into $2.24 million worth of $ETH and $USDT in recent hours. https://twitter.com/spotonchain/status/1735829347754541409?t=EQyKu4iw52SKbajfIzfxxw&s=19 Between Oct 28 and Nov 9, 2023, the whale had amassed earnings of $836K from the initial trade. However, the latest transaction resulted in a loss of $697K for the investor. Despite this setback, the report suggests that the whale still holds 309K $LINK ($4.4M) in their address and Aave, hinting at potential additional $LINK sales in the future. 8.2M $LINK Deposit On Binance In a related update shared on X (previously Twitter), Lookonchain revealed that wallets representing Chainlink Noncirculating Supply deposited 8.2M $LINK ($119M) to […]

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CHAINLINK PRICE ANALYSIS & PREDICTION (November 21) – Link Faces Minor Resistance After A Solid Rebound, Can It Breakthrough?

Chainlink recently lost steam last week after reaching its highest price level in twenty months. However, it found support this week and bounced back strong to where it is facing minor resistance. Can it break higher? Following last month’s surge from a tight range, Link sustained momentum until it reached a monthly high of $16.6 last week. It pulled back from that high and found a solid ground level at $13 this week. The asset regained strength and increased to where it is facing a minor resistance level at $15. A successful push through this resistance could bring a full recovery back to the price before printing a new yearly high. On the other hand, a strong rejection at this minor resistance could trigger another pullback with a lower low and lower high formation. If such a scenario occurs, we […]

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CHAINLINK PRICE ANALYSIS & PREDICTION (October 28) – Links Advances Surges As It Breaks Significantly Out Of Range, Possible Retest In Play

Chainlink’s price appeared to have entered an overbought zone following a 50% rally in a week. It rejected $12 this week and remained calm ever since. Buying may be suspended if the price further retraces in the next few days. Link’s price dropped to as low as $4.76 while trading in a long tight range of $5.5 and $9.5 for 15 months. But it later re-established support at $5.7 and posted an impressive gain following a sudden recovery that hit the entire crypto space. However, it managed to get out of the hook after trading inside that mentioned range for months. Meanwhile, this upsurge was triggered after taking off from the low of $7.2 in the past week to the high of $11.8 this Wednesday – marking its highest level since May 2022. It encountered resistance there and dropped briefly. […]

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