Solana

Litecoin

Chainlink

Shiba Inu

FOMO

<p>Crypto asset Chainlink (LINK) has seen a dramatic 125% price increase since October 17th, surging from below $7.40 to current levels around $14.60. Data analysis reveals that this rapid rally was likely fueled by large wallet accumulations.</p>
<p>On October 17th, <a href="https://twitter.com/santimentfeed/status/1726786797861220482" target="_blank" rel="noopener noreferrer nofollow">Santiment</a> data showed that the 200 largest LINK wallets suddenly acquired over 40 million tokens, worth over $300 million at the time. Just two days later, LINK’s price began surging higher at an incredible pace.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="652" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-1024x652.png" alt="" class="wp-image-381748" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-1024x652.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-300x191.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-768x489.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-1536x978.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-2048x1304.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-236x150.png 236w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-550x350.png 550w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527-788x501.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-527.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>This timing suggests these large wallet acquisitions likely played a key role in propelling Chainlink’s price higher. As these major players accumulated, it created increased demand and decreased available supply—the textbook drivers of price increases.</p>
<p>Additionally, once LINK’s price began rising rapidly, it likely created FOMO (fear of missing out) among other market participants, accelerating the rally. This shows how the actions of large whales can potentially move crypto markets.</p>
<p>The data also shows these top LINK wallets have maintained high balances ever since the initial purchases. This indicates substantial and continued accumulation, implying that major players remain confident in Chainlink over both short- and long-term timeframes.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/litecoin-whale-activity-could-foreshadow-next-bull-run-while-solana-flashes-sell-signal/" target="_blank" rel="noopener noreferrer nofollow">Litecoin Whale Activity Could Foreshadow Next Bull Run While Solana Flashes Sell Signal</a></li>
 <li><a href="https://captainaltcoin.com/shiba-inu-magazine-highlights-wellys-commitment-to-shibarium-blockchain/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Magazine Highlights Welly’s Commitment to Shibarium Blockchain</a></li>
 <li><a href="https://captainaltcoin.com/benjamin-cowen-predicts-bitcoins-rise-to-100k-by-2025-inqubeta-celebrates-5m-presale-triumph/" target="_blank" rel="noopener noreferrer nofollow">Benjamin Cowen Predicts Bitcoin’s Rise to $100K by 2025; InQubeta Celebrates $5M Presale Triumph</a></li>
</ul>
<p>While no one can predict prices with certainty, the fundamentals and on-chain data make a compelling case that Chainlink still has room left to run. Investors should continue monitoring wallet behavior for signals around market sentiment and potential price catalysts.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/chainlinks-link-125-price-surge-since-october-was-fueled-by-this-key-factor-expert/" rel="noopener noreferrer nofollow">Chainlink’s (LINK) 125% Price Surge Since October Was Fueled By This Key Factor – Expert</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink’s (LINK) 125% Price Surge Since October Was Fueled By This Key Factor – Expert

Table of Contents

CaptainAltcoin

Other articles published on Nov 21, 2023

Breaking: Changpeng ‘CZ’ Zhao, the CEO of Binance Has Resigned From His Position

Ripple’s Response to SEC Actions: Seeking Clarity in the Crypto Sphere

Genfinity Global is hosting the Digital Innovation & Transformation Summit in Feb 2024

Pyth Network Retrospective Airdrop Claim Process To Launch On November 20

As Pro-Bitcoin Javier Milei becomes Argentina president, expert says African countries will follo...

Top Blockchains To Build Web3 More Efficiently

Join our free newsletter for daily crypto updates!