Ethereum

Optimism

Chainlink

Avalanche

Gains

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<a href="https://twitter.com/ali_charts/status/1684465644660727809" rel="noopener noreferrer nofollow">Chainlink's (LINK)</a> token has been on a steady rise since late June after it formed the bullish double-bottom pattern near $5. 
At the time of publication, LINK was trading at $8.04, up 5.96% in the last 24 hours and 18.24% on the weekly time frame. Whales, or large holders, might have partly fueled LINK's price increase in the past month, on-chain data suggests. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> whales have accumulated around 11 million <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> over the past month, worth roughly $77 million! <a href="https://t.co/ZPbo8Preaj" rel="noopener noreferrer nofollow">pic.twitter.com/ZPbo8Preaj</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1684465644660727809?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 27, 2023</a> 
</blockquote> 
On-chain data shows that Chainlink whales, or large holders, added roughly $77 million to their LINK holdings in the past month, with increased demand boosting prices. 
<a href="https://u.today/chainlink-price-up-by-15-in-7-days-heres-why" rel="noopener noreferrer nofollow">card</a> 
Citing Santiment data, cryptoanalyst "Ali'' reported that Chainlink whales have accumulated around 11 million LINK over the past month, worth nearly $77 million. 
Notably, <a href="https://u.today/88-of-chainlink-link-owners-losing-money-as-price-approaches-critical-level" rel="noopener noreferrer nofollow">LINK</a> has been on an upward trend since June 20, following a 40% drop between April 19 and June 19. 
<h2 id="chainlink-boasts-significant-development">Chainlink boasts significant development</h2> 
Chainlink's development has accelerated in the last month. Chainlink's Cross-Chain Interoperability Protocol (CCIP) was just introduced on the mainnet. 
Developers can currently use the CCIP protocol on five testnets: Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli and Polygon Mumbai. 
CCIP, which is powered by Chainlink's decentralized oracle <a href="https://u.today/chainlink-link-teams-up-with-swift-and-12-big-banks-for-blockchain-testing" rel="noopener noreferrer nofollow">networks</a>, is a simple interoperability protocol for developing cross-chain apps and services. 
The protocol is powered by the same security paradigm that powers pricing oracles, which are supposed to be resistant to flash-loan attacks and other generally recognized vulnerabilities.

Chainlink (LINK) Gains 18%, Here's How Whales Contributed

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