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Chainlink price dips 3% amid new CCIP Vault Adapters launch and market volatility

Protocol Fundamentals
08 Oct 2026
Blockonomi
View Source
Bearish
Chainlink price dips 3% amid new CCIP Vault Adapters launch and market volatility

Chainlink's price dropped 3.02% to $12.97 amid broader market declines and selling pressure, with support near $12.80 and resistance around $14. The launch of CCIP Vault Adapters enables one-click deposits across 80+ blockchains, aiming to simplify cross-chain liquidity management. Despite this innovation and institutional features in CCIP 2.0, Chainlink ETFs saw no net inflows on Oct. 7, reflecting cautious investor sentiment. Market risks, including geopolitical tensions and rising Treasury yields, continue to weigh on digital assets, leaving Chainlink's near-term price direction uncertain.

Chainlink's market cap stands at Rp167.13 trillion with a 24-hour trading volume of Rp7.44 trillion as of Oct 09, 2026 00:41 WIB. On Pluang, LINK is priced at Rp218,499, down 8.78% in the past day, showing stronger selling pressure than the article's noted 3.02% drop in USD terms. Despite this, Pluang users show a strong buy interest at 84%, holding LINK for an average of 63 days, indicating confidence among retail investors even as institutional flows remain cautious.

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