Gold vs US Dollar

Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

Get Started

Home
Investing
Cryptocurrencies
COIN
ChainLink Token (Cryptocurrency:LINKUSD)
ChainLink Token (Cryptocurrency:LINKUSD) News

LINKUSD ChainLink Token

12.93

0.300 (2.38%)

09:14:03 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
ChainLink Token	LINKUSD	Crypto	8,205,965,620	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.300	2.38%	12.93	12.93	12.93

High Price	Low Price	Open Price	Prev. Close	52 Week Range
12.99	11.90	12.72	12.63	8.08 - 30.95

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:13:57	0.100000	12.94	USD

Price x Volume	Volume	Base Symbol	Related Pairs
21,822,632.00	1,750,127.55	LINK	LINKEUR	LINKGBP	LINKBTC

Chainlink Sees 296% Jump In Large Transactions As Active Addresses Rise 14.7%, What’s Going On?

25/09/2024 3:30pm

NEWSBTC

Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development. Therefore, in this report, we take a look at the significant increase in whale transactions and active addresses, as well as what could have triggered this burst of interest on the previously muted blockchain. Chainlink Whale Volumes Rises 295.93% According to data from the IntoTheBlock website, Chainlink whales are getting active again after a previous drop in activity. This time around, whale transactions consisting of LINK tokens with values of at least $100,000 and above, have seen a notable increase. Related Reading: Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025 On September 22, the number of large Chainlink transactions recorded was only 65, but by September 23, this number had risen to 130. This translates to a 100% increase in the number of transactions. In the same vein, the amount of tokens transacted also surged, but to a larger degree. Data shows that only 1.86 million LINK tokens were moved by Chainlink whales on September 22. However, this figure rose to 7.28 million tokens by September 23. In dollar terms, Chainlink whales moved $20.71 million on September 22 and $82.01 million on September 23. The total growth during this time came out to 295.93%. Daily active addresses also saw a significant increase on the network, although to a lesser degree compared to the whale volumes. Active addresses rose from 1,810 addresses to 2,070 addresses, representing a 14.72% increase. This rise in active addressees, coupled with the increase in whale transactions, suggests that attention is, once again, turning to the Chainlink network. What’s Driving The Recovery? So far, one notable development seems to be the driving force behind the Chainlink recovery and it has to do with the 21.co Bitcoin wrapper. The company announced that it was adopting the Chainlink Proof of Reserves mechanism for its 21BTC token, which is a wrapped version of Bitcoin that was made available on the Solana blockchain in May 2024. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible This move was to enable the company ensure completely transparency with 21BTC, while also tapping into the decentralization, programmability, and investor confidence that already exists in the Chainlink Proof of Reserves program. This will span across the 21BTC offering on both the Solana and Ethereum blockchains. As expected, the news was well-received by the community, triggering more active participation from investors. However, it has not had much of an impact on the LINK price, which continues to tread around the $11 level. The altcoin’s is seeing around 5% gains in the last week, meaning only small gains were recorded as a result of the announcement. Featured image created with Dall.E, chart from Tradingview.com

1 Year ChainLink Token Chart

1 Year ChainLink Token Chart

1 Month ChainLink Token Chart

1 Month ChainLink Token Chart

ChainLink Token

FORJA TAURUS PN

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions