After a 17% price correction from $13 to around $11.50, large Chainlink holders (whales) accumulated approximately 10.36 million LINK, worth about $120 million. This buying activity coincides with Chainlink's network reaching $30 trillion in cumulative transaction value and a 260% surge in its Cross-Chain Interoperability Protocol (CCIP) volume. Despite some whale movement of tokens to exchanges signaling possible selling, the overall strong accumulation by whales and institutional players like Grayscale and Bitwise suggests continued confidence in LINK's growth potential. Investors should watch whale activity closely for signs of future selling pressure but the current accumulation points to robust demand.
Chainlink's price has surged about 35% over the past month, driven by renewed institutional interest and upcoming U.S. policy events. LINK traded near $11 on September 12, with technical support at $11 suggesting potential for a breakout above $12. E...
Institutional investors like Grayscale and Bitwise have increased their Chainlink (LINK) holdings significantly, with Grayscale's ETF acquiring over 1 million LINK worth $12.12 million in 18 days. Chainlink's strategic reserve also added 91,100 LINK,...
XRP has been included as a 4.36% component in the Cryptex Digital Market Cap ETF, a proposed multi-asset crypto fund that is still pending approval and listing. This ETF places XRP above other major tokens like Chainlink, Solana, and Avalanche by ind...
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Zcash (ZEC) dropped more than 10% to below $1,100 following hotter-than-expected US inflation data that sparked a broad crypto market selloff. The altcoin's market cap fell from over $20 billion to $18.5 billion, though it remains the 10th-largest di...
