Bitcoin

Read

Chainlink

<div class="cryptonews"> 
 <p class="is-style-lead">Chainlink’s (LINK) price has constantly risen since Sept. 11, after the asset hit a local bottom of $5.7 with a market cap of $3.1 billion.</p> 
 <p>LINK is up by 5% in the past 24 hours and is trading at $6.56 when writing. The asset’s market capitalization rose to $3.65 billion with a 24-hour trading <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> of around $198 million.</p> 
 <figure class="wp-block-image size-full">
  <picture decoding="async" class="wp-image-14195611"> 
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/09/18/d61086b24a76e4a73047cf931e7bff59.webp.webp"> 
   <img decoding="async" width="3840" height="1300" src="https://cdn.thebittimes.com/images/2023/09/18/d61086b24a76e4a73047cf931e7bff59.webp" alt="Chainlink surges amid high exchange inflows and social volume - 1"> 
  </picture> 
  <figcaption class="wp-element-caption">
   LINK price, whale activity and <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> – Sept. 18 | Source: Santiment
  </figcaption>
 </figure> 
 <p>According to data provided by the market intelligence platform Santiment, the recent <a rel="dofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in LINK’s price has triggered a high <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> — marking a 150% rise in the <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> trend after dropping for three consecutive days.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin miner returns to Paxos $500k in mistakenly paid fees 
 </div> 
 <p>Moreover, transactions consisting of at least $100,000 worth of LINK increased by 27% in the past 24 hours, reaching 34 daily transfers, according to Santiment.&nbsp;</p> 
 <p>The movements come while on-chain data shows an <a rel="dofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> of 15.7 million tokens, worth roughly $103 million at the time of writing, to Binance. The transactions came from four addresses, cumulatively unlocking 18.75 million LINK on Sept. 16.</p> 
 <p>Of this tally, the remaining 3.05 million coins were sent to a multi-signature address labeled “0xD50f.” These transactions made the Chainlink price go for a dive from $6.36 to $6.1 in around 36 hours.&nbsp;</p> 
 <p>Furthermore, Santiment data shows that Binance’s LINK balance has reached 77.4 million after the 15.7 million transaction. Kraken and KuCoin follow Binance with 12.5 million and 2.3 million tokens, respectively.</p> 
 <p>Last week, Australia’s “Big Four” bank ANZ partnered with Chainlink to adopt its cross-chain interoperability protocol (CCIP) to facilitate cross-chain transactions to both public and private blockchains.&nbsp;</p> 
 <p>In June, the blockchain teamed up with the financial transaction giant SWIFT to integrate blockchain technology in the banking sector.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> FTX restores customer claims portal after cyber breach 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chainlink-surges-amid-high-exchange-inflows-and-social-volume-tbt63059.html">https://thebittimes.com/chainlink-surges-amid-high-exchange-inflows-and-social-volume-tbt63059.html</a></p>

Chainlink surges amid high exchange inflows and social volume

TheBitTimes

Other articles published on Sep 18, 2023

UU untuk Halau Dolar Digital Diajukan, CBDC AS Bakal Batal?

BTC Price Analysis: Is A Bear Trap Set For Bitcoin Price At $26K?

Shiba Inu (SHIB) Whale Activity up 48%, Here's How Much Was Moved

Was The SEC Favoring Ethereum against Ripple & XRP? Hoskinson Explained

Stratis September Monthly

Litecoin Aims For $70 Following Bullish Breakout! Will LTC Price Gain Momentum?

Join our free newsletter for daily crypto updates!