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<p class="is-style-lead">A savvy crypto trader has turned an initial investment of 81.158k Chainlink (LINK) into 641k USDC within a month, resulting in a $200k profit.</p> 
<p>According to a tweet by Spot on Chain, a trader has consistently demonstrated an ability to pinpoint the exact points to&nbsp; ‘buy low and sell high,’ culminating in a $200K profit within just a month. The trade involved swapping 81.158k LINK for 641k USDC. </p> 
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   <p lang="en" dir="ltr">🚨🚨 A smart trader swapped 81.158K <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a> to 641K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> 2 hours ago and made a $200K profit in just 1 month.<br><br>He is good at trading <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LINK</a>, always buying low and selling high at the right time, and made more than $1M in the past.<br><br>Detail below 👇👇 <a href="https://t.co/HAk41AgX4s" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/HAk41AgX4s</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1684816578922340352?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 28, 2023</a> 
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<p>The trader’s success can be traced back to long-term investments in LINK. Accumulating 321.599k $LINK at an average price of $1.8 in 2018 and 2019 laid the foundation for future gains.</p> 
<p>In 2022, additional investments in LINK were made, leading to a substantial profit of around $1.4m when all tokens were sold.</p> 
<p> You might also like: <a href="https://crypto.news/chainlink-releases-q2-2023-product-update/" rel="noopener noreferrer nofollow"> Chainlink releases Q2 2023 product update </a> </p> 
<h2 class="wp-block-heading" id="recent-partnership-and-whale-activities">Recent partnership and whale activities</h2> 
<p>Chainlink has also made headlines for other reasons. Coinbase’s Base integration of Chainlink price feeds on its testnet represents a significant step for the platform.</p> 
<p>This partnership aims to facilitate the development of decentralized applications (dApps) by providing off-chain data sources from Chainlink on the Ethereum blockchain ecosystem.</p> 
<p> You might also like: <a href="https://crypto.news/coinbases-base-integrates-chainlink-price-feeds/" rel="noopener noreferrer nofollow"> Coinbase’s Base integrates Chainlink price feeds </a> </p> 
<p>Moreover, the recent activities of cryptocurrency whales have fueled excitement around LINK. Two prominent <a href="https://crypto.news/chainlink-price-surges-15-as-whales-make-major-moves/" rel="noopener noreferrer nofollow">whales</a> acquired over $5.7 million worth of Chainlink, resulting in a remarkable 15% surge in the LINK price on that day.</p> 
<p> You might also like: <a href="https://crypto.news/chainlink-price-surges-15-as-whales-make-major-moves/" rel="noopener noreferrer nofollow"> Chainlink price surges 15% as whales make major moves </a> </p> 
<h2 class="wp-block-heading" id="link-price-analysis">LINK Price Analysis</h2> 
<p>LINK is currently trading at $7.9 and has experienced a drop of -1.1% over the past seven days, data from CoinGecko shows.</p> 
<p>Despite the correction in shorter time frames, LINK has been on an upward trajectory and has experienced a 30.9% increase in 30 days.</p> 
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   Chainlink price | Source: <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> 
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<p>The market cap of Chainlink currently sits at $4.2 billion, with a circulating supply of 540 million LINK tokens. As for the price levels, resistance is seen at $8.5 to $9, while support is observed at $5.5 to $6.</p> 
<p>The Relative Strength Index (RSI) on the weekly timeframe currently stands at 70.729, indicating the possibility of bullish momentum.</p> 
<p> Read more: <a href="https://crypto.news/marketacross-and-chainlink-labs-partner-to-support-build-members/" rel="noopener noreferrer nofollow"> MarketAcross and Chainlink Labs partner to support BUILD members </a> </p>

Crypto trader makes $200k profit on Chainlink in month

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