Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Chainlink: Deciphering Reasons Behind the Whales’ Interest in LINK

Chainlink [LINK] once again became popular among the whales, which reflects the top supply holders’ trust in the token. WhaleStats, a popular Twitter handle that posts updates related to whale activity, recently revealed that LINK was on the list of the cryptos that the top 1000 Ethereum whales were holding. Apart from LINK, SHIB, UNI, and MATIC were also on the list. 

A major factor that can be attributed to LINK’s popularity among whales could be the token’s recent price action. ConMarketCap’s data revealed that LINK’s price increased by more than 12% in the last seven days, and at press time, it was trading at $6.84 with a market capitalization of over $3.4 billion.

Not only that, but increased adoption may also be a valid reason. Chainlink recently posted its weekly adoption update, in which it was mentioned that last week, there were 8 integrations of 3 Chainlink services across 4 different chains, namely BNB Chain, Ethereum, Polygon, and Solana. 

Chainlink Chainlink $16.82
+2.39%
chainlink
Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 19th

    1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16

  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • Cointime精选 ·

    How Blockchains Are Using Chainlink CCIP to Power Their Canonical Token Bridge

    The blockchain ecosystem has become a multi-chain landscape, with hundreds of layer-1 and layer-2 networks, rollups, sidechains, appchains, and other environments, with continued ecosystem growth ultimately driving towards a future with thousands of different public and private blockchain networks. This Cambrian explosion has led to a diversity of blockchains, each offering unique value propositions for their users and developers.
    How Blockchains Are Using Chainlink CCIP to Power Their Canonical Token Bridge
  • Chainlink ·

    21Shares Integrates Chainlink Proof of Reserve to Increase Transparency of ARK 21Shares Bitcoin ETF ARKB

    We chose Chainlink as our preferred decentralized computing platform due to its proven history of enabling $9T+ in total value for decentralized markets and securely delivering 11.8B+ data points onchain. Additionally, Chainlink Proof of Reserve is our recommended service for tokenized asset issuers looking to bring reserve data onchain because of its ease of integration and ubiquitous adoption across the blockchain ecosystem.
    21Shares Integrates Chainlink Proof of Reserve to Increase Transparency of ARK 21Shares Bitcoin ETF ARKB
  • Chainlink ·

    The Verifiable Web: Fixing the Internet’s Truth Problem

    In early civilizations, truth was based on myth. Observations of worldly phenomena were wrapped in symbolic narratives, religious beliefs, and ancient wisdom. Over time, humanity began to value objective measurements and reasoning, birthing disciplines such as science, mathematics, and logic.
    The Verifiable Web: Fixing the Internet’s Truth Problem

  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.

  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • Chainlink ·

    Seven Key Cross-Chain Bridge Vulnerabilities Explained

    While it’s undeniable that cross-chain is critical for unlocking exponential innovation in Web3, it also introduces a potential attack vector for malicious actors. In the software industry, many developers subscribe to the motto “move fast and break things.” But when it comes to cross-chain security and the safety of billions—and eventually trillions—in user funds, the opposite is true: If you move too fast, things break.
    Seven Key Cross-Chain Bridge Vulnerabilities Explained

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company